George Madrigal | Founder and Chief Executive Officer
George is Penserra’s founder and Chief Executive Officer since June 2007.
Developing innovative products/services, implementing precise solutions, and engaging in effective recruiting are at the forefront of George’s leadership focus. George leads the Executive Committee, which sets the strategic direction of the firm and he works across all the business lines to ensure that Penserra is focused on our client’s most critical trading and investment objectives. He is also Chairman of the Board of Directors.
Prior to founding Penserra, George was the Head of Transition Management and a Senior Portfolio Manager at Barclays Global Investors (BGI), which is now part of BlackRock. He joined BGI in 1993 as part of the portfolio valuation team learning the operations, asset valuation, and performance attribution side of the business. He quickly became an international equity portfolio manager and ran a team that managed $300 billion of developed market portfolios in separate accounts, pooled funds, and exchange traded funds. In his last few years at BGI, George led the implementation team of transition management. This service provides for multi-asset class portfolio restructuring using derivatives to inoculate risk while underlying physical securities are traded opportunistically. He implemented many innovative solutions including the creation of synthetic daily international strategy, expansion of the affiliate broker to better accommodate fixed income transactions and the use of multi-period optimization techniques to improve performance. During his tenure at BGI, George was also involved with firm-wide technology initiatives, risk management, best execution committee, investment performance committees, and a supervisory principal of the affiliate broker-dealer.
George is a graduate of California State University, Fullerton with a BS in Finance. He is also a graduate of Columbia University with a MBA focus in securities analysis and a graduate of University of California, Berkeley with a MBA focus in business strategy. He holds security licenses 3, 7, 24, 63, and 66.
Anthony Castelli | Chief Compliance Officer and Chief Operating Officer
Anthony joined the firm in 2008. In his current position, he manages the operations team and oversees all compliance regulations.
Anthony was formerly the Chief Compliance Officer of Joseph A. Sangimino Inc., a firm tailored towards servicing institutional clients. Anthony also served as Compliance Officer and Head of International Operations at Rosenblatt Securities.
Anthony received his B.S. in Business Administration from Villanova University. He holds security licenses 7, 14, 24, 25, 53, 55, 63 and 87.
Connie Kreutzer | Managing Director, Head of Institutional Sales
Connie joined the firm in August 2012. At Penserra, Connie leverages her talents between transition management, asset management, and equity trading.
Connie has over 25 years of investment industry experience on both the Buy and Sell side. Most recently she was Director of Institutional Sales Trading at JMP Securities.Prior to JMP, Connie was a Director of Transition Management at Knight Equity. She spent 4 years as a Managing Director at Banc of America Securities where she was in charge of Institutional Equity Sales Trading in the Mid-West. For nine years she managed global trading for Driehaus Capital Management.
Connie holds a B.S. in Business Management from Northern Illinois University and holds security licenses 7, 24, 55, 63 and 66.
Jason M Valdez | Managing Director, Head of Equity Trading
Jason joined Penserra in February 2008 as one of the original members of the firm. As the Head of Equity Trading, he oversees trading and sales globally.
Jason brings 20 years of industry experience specializing in Program Trading and Transition Management. He previously worked for Rosenblatt Securities as the Director of Equity Trading. Jason also worked on the buy side for Russell Implementation Services as a Senior U.S. Equity Trader. In addition, Jason is unique having both the buy and sell side of equity trading experience and has been a member of the National Organization of Investment Professionals (NOIP) since 2003.
Jason is a graduate of the University of California, Santa Barbara and holds security licenses 3, 4, 7, 24, 55, and 63.
Zlatko Martinic CFA | Managing Director, Head of Transition Management
Zlatko began at Penserra in October 2016 as Head of Transition Management, and is responsible for overseeing the group’s sales and implementation teams. He brings over 20 years of investment industry experience, including roles as a Senior Transition Manager and Portfolio Manager at Blackrock.
In his most recent role at Blackrock, he was Head of Product Implementation Americas where he managed a team of transition management professionals. During his tenure at Blackrock, he helped design and implement proprietary portfolio management applications as well as chaired internal investment strategy and performance review committees.
Zlatko earned his degree at the Business and Commerce School in Switzerland, and is a CFA Charterholder. He holds series 3, 7, 24, and 63.
Dustin Lewellyn CFA | Chief Investment Officer, Penserra Capital Management
Dustin has been with Penserra since 2012. As Chief Investment Officer, Dustin directs and oversees the firm’s investment process and investment portfolios.
Dustin started his career in 1997 at Barclays Global Investors (BGI), now the world’s largest asset manager as part of BlackRock, and was a Portfolio Manager there when the iShares brand was developed. He also spent 3 years as a Senior Portfolio Manager at Russell Investments, helping institutional clients transition assets and implement investment strategies across multiple asset classes and structures. He then spent 2 years as Head of ETF Product Management and Product Development at Northern Trust where he helped build out all areas of a new ETF business. He then spent 2 years as Managing Director of the ETF business at Charles Schwab.
Dustin holds a B.A. from University of Iowa and is a CFA Charterholder. He also holds series 7, 63, 66 and 24.
John Pascente CFA | Managing Director, Head of Investment Banking Division
John joined the Penserra team in April of 2017 as a Managing Director of Capital Markets. He brings with him over 21 years of industry experience in Capital Markets, Investment Banking Coverage, Sales, and Investment Management. At Penserra, John is responsible for managing debt and equity capital markets activities, deal origination, and corporate buyback transactions.
Prior to joining Penserra, John spent 7 years at Blaylock Beal Van as a Senior Vice President of Capital Markets. During his time there, John was responsible for establishing and managing relationships with Fortune 500 clients. He successfully worked on over 260 transactions, totaling over $400 billion across multiple asset classes.
John graduated from the University of Illinois with a Bachelor of Science in Finance and currently holds Series 7, 24, 63 and 79 securities licenses. He also received his Chartered Financial Analyst designation in 2003.
George A. Schmilinsky | Managing Director, Head of Research Services
George has been Managing Director and Director of Research since joining Penserra in March of 2012. With over 25 years of industry experience, George is responsible for managing the equity investment research division, which includes selecting coverage, enhancing the technology research platform, liaising with investment managers, and enhancing the statistical significance of Penserra’s research estimates.
George was Founding and Managing Partner at Tailor Research, where he was responsible for building and growing the firm through the acquisition by Penserra. Tailor Research was a technology and algorithm based investment research firm that identified and vetted market intelligence. Before Tailor Research, George was Chief Financial Officer and Head of Finance for Longbow Research, ThinkEquity Partners and Thomas Weisel Partners.
George received his MBA from Columbia University. He holds his series 7, 24, 27, 63, 86, and 87.
Ryan Peterson | Managing Director, General Counsel, Head of Wholesale Trading
Ryan Peterson currently serves as General Counsel for Penserra and is Head of Wholesale trading for Cheevers, a Division of Penserra.
Previously, Ryan served as Chief Compliance Officer and General Counsel for Cheevers and Company and his job functions included, but were not limited to, drafting the annual risk assessment, coordination of on-site examinations from regulatory organizations or the SEC, anti-money laundering procedures, business continuity planning, disaster recovery procedures, and monitoring the firm’s trading activities. Ryan started his career at Harris Bank in their futures and securities division. He then joined the Chicago Board Options Exchange (CBOE) in Market Regulation as an Investigator. Following his time at the CBOE, Ryan spent four years as an attorney and compliance consultant at Regulation Technologies, LLC.
Ryan has earned a Masters of Law (LL.M.) in Financial Services, with a concentration in regulation of financial markets. In addition, he holds a Juris Doctorate of Law, a Master’s degree in Business Administration, and a Master of Arts and Bachelor of Arts in Political Science. Ryan is a licensed attorney in Illinois and he maintains his Series 7, 24, 63, 99 registrations with FINRA.
Jeff Boyd | Managing Director, Head of Fixed Income Trading
Jeff joined Penserra with the responsibility for completing the build out of the firm’s Institutional Fixed Income Sales and Trading Platform. He brings with him 25 years of industry experience. Most recently, fourteen years as Senior Vice President in Institutional Sales with BB&T Capital Markets. In his role with BB&T, Jeff was responsible for sales trading with a wide variety of institutional clients in areas such as Government, Corporations, Pensions, Asset Management, Insurance, and financial institutions both domestic and foreign. Prior, he held similar positions with Advest, Inc. and CoreStates Bank. Jeff’s focus on creating client solutions and execution resulted in top production in all his previous assignments.
Jeff holds his series 7 and 63 licenses.