After getting his PhD in Economics from the University of Chicago (working for a recent Nobel laureate), Martin joined JPMorgan’s EM Fixed Income Strategy Team (end 1998). Martin was in charge of JPMorgan’s Asia Sovereign Strategy during his first two years at JPMorgan, to then switch into its Latin American team. There he developed Local Markets products, over-all strategy products, as well as focusing on the strategy of crises credits (Argentina, Uruguay during 2001/2002). Those crises allowed him to introduce new concepts and methods of analysis to value debt restructuring episodes and sovereign sustainability scenarios, as well as the pricing of sharply binomial situations. Martin also had periods of intense collaboration with the Capital Markets team advising sovereign and quasi-sovereigns. Martin Joined MorganStanley in early 2004 to head the Latin American Strategy team, which then converted into a Trading Desk Strategy effort. His calls on the beginning of Brazil’s graduation, as well as his intense focus on Argentina’s debt restructuring were highlights of the first two years at MS. In the second half of 2005 Martin switched into trading, leading MS’s efforts into local debt trading. At the beginning of 2007, Martin joined UBS to set up and co-head an EM proprietary trading desk within a broader global credit trading proprietary trading unit. UBS closed all proprietary trading operations at the end of 2008.