Harbour Equity Partners and Bio for Frank Romano

Jan. 14, 2013 - PRLog -- Executive Bio, Frank J. Romano

Frank Romano comes from a career as an energy trader with institutions such as ABN-AMRO and FIMAT. As a risk management professional, Frank has engaged in structuring hedging strategies for his clients which where large companies from oil production to airlines and trucking. The foundation of the risk management transactions where to hedge companies against price exposure with the use of NYMEX futures and options and a mix of OTC derivatives. Frank has an expanded knowledge in proprietary trading, and has implemented the use of OTC weather derivatives as well as swaps to hedge Weather related risk for his clients.

Counterparty participants and former relationships in these markets were companies such as FPL, PX Re, Prebon Energy, Swiss Re, ACE Re, Enron, Cantor Fitzgerald, and APB Energy to name a few. In addition to trading energy, Frank had acquired a New York State Oil Dealer Certificate, where he owned and operated two home heating oil delivery companies, which delivered home heating oil to residential and commercial customers on Long Island.

As a result of the Enron calamity, Frank had shifted gears to the finance industry where he had grown from a broker to private equity lender, to investment banker and consultant. With a warehouse line available monthly he was able to provide financing to borrowers in default without consideration to income or credit. The business, at its peak, became automated with the use of technology, and had grown to over fifteen employees and forty six originators. This being the bulk of Frank’s experience in the finance business, he had concluded 2006 with the loss of the warehouse facility, which was the beginning of the credit crisis. Going forward in 2007 to 2010, frank had adapted to the credit crisis and developed a niche for financing high net worth borrowers from 2 million to 20 million plus for residential loans. With the private banking and private equity relationships that where available to him he had also expanded to financing from residential loans to include financing for investment grade securities for high net worth clients and portfolio managers.    

Going forward as of December 2009, Harbour Equity Partners had also engaged as an arbitrage seller of gold, buying from mines in West Africa and selling to Refineries in the US and Dubai. HEP had created a hedge fund like function without investor capital, and with the use of multiple credit lines HEP is able to leverage their leverage to move product while creating a ROI that has “beaten the street”. Active credit lines to date total 28 million dollars which is used solely as collateral to secure gold dust and dory from each of the contracted locations. Contracted product is moved to the refinery relationships and then sold in the US against the London LME spot gold market. The target for 2011 is estimated at several million per month and it is expected that HEP will un-wind the finance and energy projects from 2010 to focus all resources on the gold fund. In addition, Harbour Equity Partners will be replicating the gold trades and creating a revenue stream for charities. Profits from these trades will be assigned to various organizations that are deemed worthy causes. The fund, and operations will be managed by the HEP compliance officer and attorney Eugene Suh, as Frank backs out of the daily transactional business to focus on managing assets.  

For more information, please visit HarbourEquityPartners.com (http://www.harbourequitypartners.com/)