Clement Perrette Pioneers STRIPS Investments In Europe

Clement Perrette is a French businessman who has worked in the financial industry since 1992. He has been a leader at multinational firms including Barclays Capital and Deutsche Bank. He now works in Switzerland at RAM Active Investments. He is a senior portfolio manager that concentrates on fixed income assets such as corporate bonds, municipal bonds, money market funds, and certificates of deposit.

He was a pioneer in Europe’s STRIPS markets. These are Separate Trading of Registered Interest and Principal of Securities. These are a type of fixed income that are sold at a large discount to their face value. They’re a way to take minimal risk while gaining some tax benefits in certain jurisdictions.

STRIPS have a long history in the United States. They were first offered in 1961 but then eliminated in 1974. They were once again offered in 1985. Many European countries developed similar STRIPS systems that are backed by Treasury Departments. Clement Perrette Barclays has been a leader in how these systems are handled in multiple countries.

He got his first job at Société Générale Paris in 1992. This company had him set up their FRF STRIPS trading desk. He set up this desk’s daily operations and lent a hand in its public relations. The result was that Société Générale Paris became one of France’s top three FR STRIPS trading firms.

Clement Perrette next joined Paribas Spécialistes en Valeurs du Trésor in 1995 and stayed there for the next five years. With the creation of the European Union in 1993, international firms were able to safely invest in companies across Europe. He launched the EUR STRIPS program for this company and managed its growth. At Deutsche Bank Paris, he continued to work with EUR STRIPS. He also started working with government bonds and European linkers.

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