People Moves

US-based Gramercy hires BlueCrest man for Europe EM push


Gramercy, an emerging markets-focused firm with its headquarters in Greenwich, Connecticut, has expanded its European presence by opening an office in London.

The firm has hired Doug Krehbiel, former head of global emerging market credit research at BlueCrest Capital Management, who recently joined Gramercy as managing director and European regional head.

Krehbiel has 18 years’ experience of investing in emerging markets. He is responsible for leading Gramercy’s research and investment management process for the allocation of capital to central and eastern Europe, the Middle East and Africa. He will work in conjunction with the rest of Gramercy’s investment