Vic Bulzacchelli CV
Vic Bulzacchelli CV
Vic Bulzacchelli CV
BULZACCHELLI
16 Yarmouth Drive New Providence, NJ 07974 (908) 337-9031 [email protected]
SUMMARY
Bank loan credit expert with experience at top tier institutions. Managed multi-billion portfolio of leveraged and investment grade bank credit facilities, hedging positions and related liquidity financing. Experience structuring of non-traditional syndicated and bi-lateral bank credit facilities. Strong relationships with large and mid-tier broker dealers. Series 7, 63, 24
Vice President Leveraged Loan Sales Tasked to assess and pursue the market opportunity for sourcing and trading distressed and defaulted commercial real estate loans. Established product specific coverage of commercial banks, special servicers and loan sales advisors. Identified and established a calling effort on key decision makers in regional and community banks resulting in asset purchase opportunities in excess of $2.0 billion. Developed opportunities to purchase and trade defaulted syndicated commercial mortgages totaling $500 million. Expanded advisory opportunities for the Strategic Portfolio Solutions Group. Special Assets Group Senior Trader Recruited to a newly formed group responsible for the economic and credit risk management of the firms $4.0 billion portfolio of unsold M&A related underwriting commitments. Positions of unsold bank loans included positions in TXU, Chrysler, Capmark and others. Executed cash and derivative trades Managed macro-hedge Analyzed and restructured hedge positions supporting the firms relationship loan portfolio Established outside trading coverage with major dealers Valued and marked illiquid loan positions
2000- 2009
Executive Director (JPMorgan) Credit Portfolio Management Transitioned the acquired Bear Stearns Loan & Credit Derivative portfolios to JPMorgan. Assigned as one of three credit traders responsible for assets sales and credit derivative trading from the Bank's $160 billion North American credit portfolio and related $30bln CDS portfolio. Developed and implemented market and credit based risk management strategies for derivative counterparty exposure where the CDS was either illiquid or non-existent. Senior Managing Director (Bear Stearns) Loan Portfolio Management - Group Head Senior member of the Leveraged Finance group, responsible for (1) $5.0 billion transaction-based, Leveraged Loan Portfolio, (2) $2.5 Billion Relationship-based, Investment Grade Loan portfolio and related $1.5 Billion Credit Default Swap portfolio; (3) $ 2.5 Billion Unsold Underwriting Commitments and related index hedge portfolio; and (4) $ 1.2 Billion Liquidity Program. Member of Principal Activities, Relationship Loan, and Transaction Screen Committees. Established the firms Portfolio
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Management Group. Hired and trained a team of credit portfolio specialists, set up risk monitoring and control systems in a mark-to-market environment. Actively managed a portfolio that grew from zero to $7.5 billion. Dynamically hedged portfolio risk with Credit Default Swaps, direct asset sales, participation sales or total return swaps with authority for post-commitment risk management, including waivers and amendments. Structured and negotiated all bi-lateral credit facilities with corporate borrowers. Syndicated credit facilities for finance companies such as Business Development Corporations, hedge funds and other money managers. Restructured problem credits Extensive experience successfully negotiating with borrowers and lender groups.
EDUCATION
Fordham University, Master of Business Administration Rider University, Bachelor of Science, Accounting
ADDITIONAL INFORMATION
International Association of Credit Portfolio Managers Board Member (2003 - 2008) Capital Markets Credit Analysts Society Series 7, 63, 24