Delta One welcome two new additions to its advisory board
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Delta One welcome two new additions to its advisory board 04 December 2020US Reporter: Natalie Turner
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Delta One, one of the first options brokerage platforms, has appointed two new members to the company's advisory board, Michael Pascutti and Jonathan Bloom.
According to Delta One, visibility into the securities lending market has never been in more demand, and the new advisors’ expertise will help develop a robust product and will continue to be invaluable as well as continuing to “enrich the company's offerings”.
Pascutti, who is based in New York, is also joining Delta One as head of quantitative analytics. He currently teaches finance in the economics department at Yale University and is a financial services veteran.
Prior to that, he was CEO at Eagle River Asset Management, a credit-focused hedge fund, for five years. Before then he was a portfolio manager at PIMCO for nine months.
Pascutti says: "Running arbitrage strategies requires significant borrowing of stock, to me it has been clear for a very long time that the stock lending market needed a transparent marketplace like this. I believe in the product and think it will benefit investors significantly."
Bloom, also based in New York, has over 25 years of capital markets experience, he is currently chief operating officer and co-founder of Stone Forest Capital, a global emerging markets equities investment advisor.
He is also a co-founder of the Chicago branch of Hedge Funds Care, a philanthropic organisation established to benefit abused children.
Bloom worked with Pascutti at Eagle River Asset Management, previously serving as chief operating officer and was a co-founder.
Before then, Bloom was a managing director at Citigroup and Bank of America Securities, where he served in a variety of client facing roles. Before that, he was a senior manager at Arthur Andersen and a member of the Chicago Board of Trade.
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