Our Team

Roy A. Ellis

Founder & Managing Director

Mr. Ellis has extensive experience in the securities industry, with a particular focus on the fixed income markets, including sovereign debt. His experience in emerging markets financial services encompasses trading, investment banking, debt restructuring and liability management, involving both the public and private sectors. He started his career as a fixed income and foreign exchange trader on the international reserves desk of the Central Bank of Venezuela. He subsequently became part of the team in charge of renegotiating Venezuela’s external debt under the Brady initiative. Given his experience in the context of the Brady Plan, he became Director of Financial Analysis at the Ministry of Finance of Venezuela. In 1995, he was appointed Director of Public Credit, and was responsible for the strategic design and execution of the financing plan of the Republic in the domestic and international markets. He was a member of the board of directors of Electricidad del Caroni (EDELCA), the largest public utility in Venezuela, and of Banco Republica. Beginning in 1997, he has been with several leading international institutions – Citibank, where he worked on origination and structuring of project finance transactions, loan syndications, securitizations and other structured finance deals. He then moved to Salomon Smith Barney in the Latin American Investment Banking Group, where he was responsible for the coordination and execution of transactions encompassing debt issuance, debt restructuring and liability management. He parleyed his experience into a senior position at Deutsche Bank in the Latin American Debt Capital Markets desk, where he directed public and private sector origination and restructuring. He then co-founded and managed FalconView Securities, a licensed US and offshore broker dealer. He holds a JD from Universidad Catolica Andres Bello in Venezuela, a Bachelor of Science in Business Administration from Bellevue College, and has completed advanced studies in mathematics and probability at Columbia University.


+1 203 524 7608


Carlos Castellanos

Managing Director

Mr. Castellanos has extensive experience in corporate banking (trade and project finance), international treasury management and asset management. His experience includes developing investment guidelines and asset allocations, manager evaluation and monitoring, macro-economic and securities research, investment advisory and discretionary management, corporate treasury management and investment banking. After Bank of Boston International he joined Heublein Inc., where he was responsible for global FX exposure management and other international treasury operations. At Brown Brothers Harriman, Citicorp. and Geoffrey Bell and Company (New York), he advised numerous companies and financial institutions, including Merck & Co., Colgate-Palmolive, Johnson & Johnson, Du Pont Chemical, Imperial Chemical Industries, Global Asset Management, Nomura Research Institute, The Economist and the Bank of Bermuda, and sovereign governments and central banks. Disciplines included global management of FX and interest risk, reserve asset management, capital markets operations, project development, banking relations and investment advisory. He was a discretionary overlay manager of FX exposure for companies and institutions, including BATA Shoe Corp. and The Economist. As an independent consultant, he has advised Deutsche Morgan Grenfell Asset Management and Global Asset Management (UK) concerning development and marketing of alternative investment products for high net worth and institutional investors in Latin America. He was co-founder, portfolio manager and head of fund operations of Green Ventures International, Ltd., an asset manager in the carbon credit space, and has expertise in developing fund structures. He was managing director at FalconView Securities Ltd., Grand Cayman, a licensed broker dealer specialized in origination and distribution of structured products. He was a correspondent, Latin America editor and country risk analyst at International Reports, a weekly economic and financial newsletter owned by The Financial Times. He has a Bachelor of Arts from New York University. He is a U.S. citizen.


+ 1 617 543 3693


Ronald Percival

Advisory Board Director

Mr. Percival has been the Managing Member and Chief Investment Officer of RGP Capital Management, LLC, which serves as investment advisor and General Partner of the Global Developing Markets Partnership, LP (a private investment fund with a focus on both developed and emerging markets) since 2002. Between 2005 and 2012 he was also Managing Member of RGP Investment Advisors, the investment advisor to the Global Developing Markets Offshore fund. He was concurrently a minority member with the MK Group, a private financial services firm, from 2007 until 2010. He has served as a Director of various offshore fund companies, including Global Developing Markets Offshore, Ltd. (2005 through 2012). Ron has extensive experience in global financial markets, including fund management, equity and fixed income capital markets, loan capital markets, corporate finance and investment banking. Prior to founding RGP Capital, he was head of Latin American Loan Capital Markets and Syndications at CS First Boston. Before joining CSFB in 1998, he spent four years as Managing Director at ING Barings with varied responsibilities in the global capital markets. He was the Managing Director and head of Global Emerging Markets Fixed Income Syndications, including Asia and Latin America. He was also head of Syndicated Loan Distribution for the Americas, Canada and the United States. He was also head of ING's Emerging Markets Equity Syndicate prior to the Baring Bros. acquisition in 1995. Prior to joining ING in 1994, he held various positions at Chemical Bank and Chemical Securities (now JPMorgan Chase) from 1975 until 1994 in emerging markets fixed income, Latin American Banking and Latin American sovereign and corporate debt restructuring. At Chemical he had various country head positions and overseas assignments in Latin America. Ron received a B.A. from the University of Texas at Austin in 1972 and an MBA/MIM from Thunderbird in 1974.


+ 1 203 246 7712


Jim Mcdonald

Advisory Board Director

Mr. McDonald has extensive experience in the equity markets and is a former managing director at Deutsche Asset Management, where he managed two equity long-short hedge funds. He lived and worked for 15 years in the Asia-Pacific basin. After graduating with a BA from the University of San Francisco, he taught English in Japan while studying Japanese. He then returned to the states where he earned his MBA from The Thunderbird School of Global Management in Glendale, AZ. Starting in an institutional sales role at Morgan Stanley in NY and subsequently Tokyo, his career evolved to asset management. He held senior positions in North and South American equities at the National Bank of New Zealand in Wellington, NZ and proprietary equity trading assignments at Morgan Stanley, Credit Suisse and Deutsche Bank. Peak positions under management in the quantitative market neutral strategies approximated $2 billion. The fundamentally based, quantitatively employed US and Japanese equity strategies were later moved onto the DB Asset Management hedge fund platform where they had peak assets of over $250 million. Above market index returns were achieved in four out of five years of operation before the DB platform was closed by the firm in 2009. He later returned to DB in an internal marketing and strategy role inside a DB Asset Management actively managed mutual fund division. Since 2013 he has been working on several advisory assignments in the energy and financial sectors. He is fluent in Japanese and is particularly knowledgeable about the Asia-Pacific basin and the energy sector.


+ 1 203 221 0529