Axiom Alternative Investments, a specialist in instruments issued by financial institutions, is pleased to announce that Gildas Surry will be joining the firm as a senior analyst and Partner on June 1st 2015.

Based in Axiom’s London office, Gildas will become a senior member of the team with a dual role covering both research and portfolio management, but will be specifically overseeing the Axiom Contingent Capital and Axiom European Financial Debt funds.

Gildas was most recently a Senior Analyst covering European Banks at BNP Paribas and has been covering the European banking sector for 15 years. He has previously held analyst roles at both Citigroup and Merrill Lynch. Gildas started his career at Lazard Freres in Paris, has an MBA from INSEAD and graduated from Ecole Polytechnique.

The team Gildas led at BNP Paribas focused both on thematic notes (regulation, hybrids) and on specific situations. Coverage includes the largest European banks, with selective coverage of smaller issuers, across various levels of subordination (senior, LT2, UT2, Tier 1, AT1), in cash and CDS. Together with the strategy team, Gildas developed models to price CoCos.

David Benamou, Managing Partner, Axiom Alternative Investments, commented:

“We are delighted to have Gildas on board and it shows how far Axiom has come that we are able to attract such talented individuals. I am very excited about the contribution that Gildas will make as we continue to grow the team. His experience in developing price models for CoCos coupled with his knowledge of the European banking sector makes Gildas a perfect fit for our business, and we look forward to welcoming him to the team.”

On his appointment, Gildas Surry commented:

“Axiom Alternative Investments is distinguished in the market by its expertise in financial regulation and banking sector fundamentals, and I am thrilled to join the firm at this pivotal point of their development. Since its inception in 2009 on the bank subordinated debt universe, Axiom’s hallmark has been its rigorous analysis, strategic positioning and proactive approach to the sector’s opportunities. It’s a terrific formula and I look forward to working with my colleagues in London and Paris.”