Pelayo Troncoso Acebal, CFA CEO is an investment management professional with over 10 years of experience in portfolio management. Pelayo serves as the current portfolio manager for several private clients in the Dominican Republic. He is also an active member of the board of directors for Parval Puesto de Bolsa, a Dominican Republic broker dealer and Bunker, a documents management company.

In 2015 Pelayo served as co-portfolio manager in Credit Andorra Financial Group for institutional and high net worth clients. Pelayo holds the Chartered Financial Analyst designation from the CFA Institute and is also a General Securities Representative (Series 7) and a Registered Investment Advisor Representative (Series 66).

Pelayo has a Bachelor’s Degree in Business with a concentration in Finance and Economics from Boston College in the US.

David Galarza-Sosa, CCO and Country Manager PR. Licensed attorney in Puerto Rico with over 19 years of legal and compliance regulation experience. David began his career in 2004 as a Securities Examiner for the Commissioner of Financial Institutions in Puerto Rico. Two years later, Mr. Galarza-Sosa transitioned to the private sector, where he held several supervisory positions at the most reputable securities broker-dealers in Puerto Rico, among them, Popular Securities (2006-2011), Santander Securities (2011-2016) and Citi International Financial Services (2017-2022).

In 2016, David served as Chief Compliance Officer for ATON Financial, a newly formed RIA.

David holds a Bachelor’s Degree in Business with a concentration in Finance from the University of Puerto Rico and a Juris Doctor from the Interamerican University of Puerto Rico.

Senior risk executive with over 25 years of experience in market, credit/counterparty, operational, and liquidity risk management. Before joining Gamma, Rafael served as Managing Director for Risk Management and Compliance at Haitong International Securities USA and co-led the Market Risk Management division globally for Haitong International Securities Group. He also held senior risk management roles at Haitong Securities USA, Haitong Bank NY, and Banco Espirito Santo de Investimento NY.

Earlier in his career, Rafael was Head of Market Risk for Banco Espirito Santo de Investimento in Madrid and worked at MEFF -BME Group-, the Spanish Derivatives Exchange.

Mr. Capa holds a bachelor’s degree in economics from Universidad Autónoma de Madrid and attended the Financial Risk Measurement and Management Executive Master program at Instituto BME. He is a certified Financial Risk Manager (FRM) and holds the Sustainability and Climate Risk (SCR) certification from GARP.

Gustavo Cartagena is an experienced financial professional with over 15 years of experience in corporate banking, derivatives, and risk management.

He currently serves as VP of Institutional and Corporate Sales at Gamma International bank, where he advises companies on structuring funding solutions.

Prior to his current role, Gustavo held various positions in Latin America at Citibank, including Vice President of the Corporate Solutions Group in Colombia, Associate VP of Corporate Derivatives in the Dominican Republic, Derivatives Sales Head in El Salvador, and Risk Treasury Head in El Salvador.

Gustavo has a robust background in executing funding transactions, hedging operations, expanding credit trading capabilities, and structuring credit trading transactions. He has experience working with a diverse customer base including multinational corporations, large local corporations, and the public sector.

Gustavo has a Bachelor’s Degree in International Business and Economics from Temple University in the US and is also a General Securities Representative (Series 7).

Francisco Cruz is a seasoned finance professional with a strong background in global markets, portfolio management, and fixed income trading. He currently serves as Head Trader at Gamma Securities LLC in San Juan, Puerto Rico, where he oversees the global fixed income trading desk.

In this role, he manages proprietary trading activities for the firm and its affiliates, including Gamma International Bank and Gamma Asset Management, while also acting as a market maker and liquidity provider in Emerging Market LATAM curves. Francisco began his career in Miami as a Market Intelligence Analyst at Bulltick Capital Markets, where he built financial models, supported investment decisions, and managed client portfolios across multiple asset classes.

Prior to his current role, Francisco worked as an Emerging Markets Trader Jr. at United Capital in the Dominican Republic, handling a wide range of global multi-asset trades including EM bonds, equities, and derivatives.

He holds a Bachelor of Business Administration in Finance and International Business from Florida International University and is certified with FINRA Series 24 and Series 7. Bilingual in Spanish and English, Francisco combines analytical expertise with a strong understanding of global capital markets.

Andrew began his career in finance immediately following university wearing many hats across operations and settlements at Brownstone Investment Group, a high yield boutique investment firm in New York City, where he advanced into a trading role servicing domestic institutions.

After taking a hiatus in 2008 to help launch a music technology startup as head of operations that was ultimately sold to Google, he rejoined the firm to lead its first EM trading effort focused on Latin American credits. The opportunity to transition to a sales role presented itself with the reorganization of the trading desk, leading Andrew to join the institutional sales desk at municipal dealer Crews & Associates as part of its new corporate trading effort.

Andrew then joined Gamma Securities as Senior Managing Director of Institutional Sales in August 2022 to help lead the development of the broker-dealer. Andrew holds Series 7 and Series 24 licenses, passed Level 1of the CFA Program, and resides in New York with his wife and three young children.

David Hurtares is a Senior Managing Director at Gamma Securities with 25 years of experience in global emerging markets credit research, trading, and sales. Prior to joining Gamma, he held senior roles at BNP Paribas, Mizuho Securities, and Stifel Nicolaus, where he developed and expanded institutional client relationships by leveraging his deep understanding of macroeconomic trends, global trading dynamics and market insights to deliver impactful results.  David consistently assists in driving positive portfolio performance by collaborating closely with clients to identify and execute high conviction relative value trading opportunities. 

David holds a B.S. in Business Management from St. John’s University as well as FINRA General Securities Representative (Series 7 and Series 63) licenses, he has also been CF30 certified under UK financial regulation. 

Adam Smirti is a managing director in Gamma Securities’ fixed income division, bringing over 17 years of capital markets experience, primarily in emerging markets sales and trading. Throughout his career, Adam has specialized in trading hard currency EM credit, local markets, high grade, and high yield bonds.

Before joining Gamma, Adam served as head of buyside sales at LTX- a Broadridge company. Previously, he also held roles at Cantor Fitzgerald, Nomura and Lehman Brothers. Adam holds a bachelor’s degree in finance from Hofstra University and is FINRA licensed 7/63.

Manuel Mesa is a former licensed Securities Broker (SIVCV-475) and capital markets professional from the Dominican Republic. At Gamma Securities, he supports the Trading and Securities divisions across Emerging and Frontier Markets, with a focus on fixed income distribution, market coverage, and investment execution.

Before joining Gamma, Manuel served as Associate at United Capital Puesto de Bolsa, one of the Dominican Republic’s leading brokerage firms, where he managed corporate relationships and structured tailored investment solutions. His prior experience also includes financial roles at WeWork in New York City, strengthening his background in financial analysis and operations within global markets.

He holds a Bachelor’s in Finance & Business Management from Manhattanville University and a Master’s in Corporate Finance, Banking, and Securities Law from EAE Business School. In addition to his U.S. Securities Industry Essentials (SIE) certification, he is pursuing his Series 7, Series 66, and Series 24 licenses.