The Team

Seasoned Investment Banking Professionals

In addition to its clear mission, and robust structure, Gencap & Co.’s principal resource is its team of seasoned professionals who, collectively, have unequaled experience in all aspects of Latin American M&A, structured products, loan structuring and origination, debt restructuring and securitization and portfolio management. Most of the team members are Latin American representing most jurisdictions in the region, and have extensive local relationships. Gencap & Co.’s team members have pedigrees from leading investment banks with major emerging market penetration. As a result, Gencap & Co. has well-established relationships with leading financial players in the major financial centers and in the Latin American region. We work closely with independent service providers to address the multiple disciplines that commonly influence the structuring and successful execution of strategic and decisions. Our experience spans a wide range of industries and sectors delivering consistent results across. Our partner’s client portfolio includes select corporate & sovereign relationships built over their extensive professional careers.

 

Principals

 

 

 

 

 

 

 

Roy A. Ellis

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 in Business Administration from Bellevue University, and has completed advanced  studies in mathematics and probability at Columbia University. 

Ronald G. Percival

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.

James McDonald

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.

Vicente Carrillo-Batalla

Mr. Carrillo–Batalla has an extensive experience in the insurance, banking and securities industry in Venezuela. He was Director and President of Seguros LOS ANDES (insurance), Director of Seguros LA PREVISORA (insurance), Director of BANCO DE OCCIDENTE (commercial banking), co-founder, Vice-Chairman and Director of MIBANCO BANCO MICROFINANCIERO (development banking), Associate Director of CNI (M&A’s and Structured Finances) and has been for a number of years and continues to be Partner and Managing-Director of MAXIMIZA CASA DE BOLSA (securities Broker-dealer). He is a co-founder and Managing-Director of CYNERGI CAPITAL GROUP (Miami) and WELLMEANING PROPERTIES (Real Estate development and management based in Miami). For more than 30 years, he has been active in the Venezuelan Cattle Ranching sector. Mr. Carrillo- Batalla has also been a Professor of Finance, Financial Law and Taxation at Universidad Católica Andrés Bello (UCAB). From 1995 until 1999, at the Ministry of Foreign Affairs, he served as Consul General of Venezuela in New York, taking an active role in the relationship between the Government of Venezuela and the international banking industry (based in New York City). Mr. Carrillo-Batalla is a Lawyer from Universidad Católica Andrés Bello (UCAB), and Master of Laws (LLM) from Harvard University. He was a participant in the Harvard Law School International Tax Program and in the 1992 Session of the Hague Academy of International Law and International Relations devoted to the study of the World External Debt. For the last twenty years he has been a columnist at EL UNIVERSAL, a major Venezuelan newspaper. 

Selected Principal’s Clients

    • Alcan
    • ANCAP Uruguay
    • Banco de Chile
    • Banco Galicia Argentina
    • Banco Hipotecario Argentina
    • Banco Mercantil Venezuela
    • Bank of Bermuda
    • Bertelsmann AG (Germany)
    • Bowater Inc.
    • C.A. La Electricidad de Caracas  Venezuela
    • Central Bank of Barbados
    • Central Bank of Chile
    • Central Bank of Malta
    • Central Bank of Venezuela
    • Colgate-Palmolive
    • ConAgra
    • Conoco
    • CRA (Australia)
    • Dow Chemical
    • DuPont
    • ENAP Chile
    • Enersis Chile
    • Finance Ministry of Chile
    • Finance Ministry of Venezuela
    • Financial Times
    • General Motors
    • Global Asset Management (UK)
    • Imperial Chemical Industries (UK)
    • Johnson & Johnson
    • Ministry of Finance Brazil
    • Ministry of Finance Colombia
    • Ministry of Finance Ecuador  
    • Ministry of Finance Peru  
    • Monetary Authority Singapore
    • Nomura Research Institute  
    • Petroleos de Venezuela
    • Petroleos Mexicanos
    • Petrotrin T&T
    • Proterra
    • Raytheon
    • Secretaria de Finanzas Mexico
    • Sidetur Venezuela
    • SIVENSA Venezuela  
    • SQM Chile
    • Tenaris Argentina
    • The AES Corporation
    • The Economist (UK)
    • United Technologies

Principal’s Selected Advisory Experience & Transactions

    • Advising sovereign borrowers on debt management
    • Advising central banks on reserve asset management and on treasury operations
    • Management and access to international debt and equity markets
    • Advising institutional investors on privatizations
    • Structuring complex capital markets transactions for corporate, institutional and sovereign investors incorporating emerging market sovereign debt
    • Establishing commercial, merchant and private banking operations in the US
    • Analyzing macro and micro economic trends and generating periodic research for corporate, institutional and sovereign clients, including forecasts for growth, inflation, balance of payments, FX and interest rates
    • Advising finance ministries and international corporations on international debt management and restructuring
    • Representing debtors at negotiations with bank steering committees
    • Advising international corporations on foreign direct investment, mergers, acquisitions and joint ventures, international banking and treasury