Our Team

Mr. Sierra, a founding partner, has more than 26 years of experience in the Financial Markets. He worked for ten years at ABN AMRO Bank in New York, first as a trader for the EM Latin American Portfolio and later as Director for EM Fixed Income Sales for Latin America.

Mr. Sierra subsequently moved to Dresdner Kleinwort and headed the EM Retail Solution Team for the Americas. In addition to his leading role at Torino, Mr. Sierra is deeply committed to the region and participates in various political advisory and regional developmental groups. He is recognized by Torino clients as a valuable resource providing investment insights into the region.

Mr. Borsato has over 15 years of experience in the areas of compliance and operations in the investment banking and insurance industries in Brazil and the United States. He holds life and health insurance licenses from New York State and FINRA securities licenses: series 3, 7, 24, 27, 30, 31, 34, 63, 65, 66, 79 and 87. Mr. Borsato is a graduate in Business Administration from Faculdade Anglo Latino in Brazil and has pursued select programs and courses at various higher learning institutions including the University of Melbourne, University of Geneve, The Wharton School and Johns Hopkins.

For over 25 years Mr. Espirito Santo has been providing valuable insights and perspectives to investors in the emerging markets fixed income, FX, local rates, derivatives, structured products and alternatives space.

During his career, he developed successful emerging markets fixed income distribution businesses for market players such as Paribas, UBS, Commerzbank, and Credit Agricole. He was also responsible for executing Santander’s key LatAm FX and local markets business build-out to U.S. clients before moving to BBVA, where he became Director and Head of Sales for EM Fixed Income, Fx and Local Markets.

Mr. Espirito Santo holds an MBA from Columbia Business School and a BA in Economics and Business from Lafayette College.


Mr. Escobar is Torino Capital’s local representative in Ecuador and is responsible for business development and origination. Previously, Mr. Escobar was a financial advisor at Morgan Stanley–where he created customized investment management strategies for private individuals and high net worth clients. Mr. Escobar also worked at Citizens Bank and Eastern Bank prior to joining the Torino Capital team.

Mr. Escobar holds a B.A. in Economics from the University of Massachusetts, Boston and a Master’s Degree in Management from Harvard University.

Mr. Escobar is based in Guayaquil, Ecuador