Deep credit research is ultimately about judgement — and judgement comes from human experience.
Sarria brings together experienced investment professionals, analysts, specialist restructuring expertise, technology and client insight around a single objective: own European high yield and special situations.
Our analysts don't hand a credit from one research process to another. They stay close to it. From initial identification through to ongoing monitoring, the analyst remains responsible for understanding the company, its capital structure, the situation around it and the factors that could change the investment case.
Prior to co-founding Sarria, Wolfgang was Partner and Senior Portfolio Manager at Wiltshire Capital, co-managing funds under the Wiltshire and City Financial brands.
Previously, he was Team Leader for European distressed and value opportunities at CQS and Senior Vice President for European special opportunities at Marathon Asset Management. Earlier in his career, Wolfgang worked within Deutsche Bank's Distressed Products Group in London and at Alvarez & Marsal, specialising in interim management and operational turnaround.
His career has involved a broad range of European restructurings, refinancings and complex credit situations.
Wolfgang began his career at KPMG in Germany.
BA (Hons) — EBS London · MBA — University of Chicago
The operational infrastructure that lets the investment team focus on the research.
Martha oversees resource planning, finance, communications, visual content and digital presence across Sarria.
An entrepreneur by background, Martha began her career in architecture and urban planning in Brazil before building and managing businesses across design, hospitality and international retail. Her combination of operational, creative and commercial experience plays a central role in how Sarria operates and presents its work.
Tomás has more than twenty years' experience across European leveraged credit and high yield capital markets, with a particular focus on distressed and special situations investing.
His career spans both buy-side and sell-side credit roles, including six years at Centaurus Capital, an event-driven investment fund focused on credit, and Barclays Capital Asset Management, where he invested in stressed and distressed European situations.
Most recently, Tomás worked on the Guggenheim Securities brokerage desk.
He has participated in multiple restructurings and held board observation rights on UK companies following restructuring.
BBS Economics & Mathematics — University of Limerick
Special situations and event-driven credit, from the bottom up.
Eashan covers special situations and event-driven opportunities through fundamental, bottom-up credit analysis. Before joining Sarria, he was a Credit Research Analyst at Debtwire (ION Group), covering high yield and distressed issuers across EMEA and North America.
At Debtwire he authored the Event Driven Monitor and worked extensively on prospective restructurings, liability management exercises and live and expected M&A, analysing how credit spreads moved around these events. His distressed work included Chapter 11 capital structures, DIP financing and recovery waterfall analysis. He also built Python-based analytics tools, including a CDS spread monitor for North American issuers distributed to subscribers.
Eashan joined ION Group through its leadership development programme, rotating across product management, corporate strategy and data science in New York before returning to London to move into credit research. Earlier in his career, he held investment roles in early-stage venture capital, including at SystemaNova VC.
The feedback loop between investors and Sarria's research.
Michelle has 20 years' experience in financial services, specialising in business development, client engagement and sales strategy.
Previously Associate Director of Sales at Fitch Ratings, she was responsible for new business acquisition and pipeline management, following earlier roles at IBCA and Training Solutions. At Sarria, Michelle works closely with clients and prospects, bringing investor feedback directly into the platform's development.
K
New analyst
Investment Analyst
Joining the desk soon. Full profile will be available in Nov 2026.
Complex credit needs more than one kind of expertise.
Specialist legal input, called on when a situation demands it.
Stephen is a solicitor with more than 20 years' experience advising on restructuring and European high yield bonds. Trained at Linklaters, he advised on restructurings in Asia during the currency crisis before returning to London, where he worked on European high yield bond restructurings at Cadwalader.
He subsequently became a partner at White & Case and later Head of European Restructuring at Orrick. Stephen is a founder of FreiLibertas, a specialist boutique advising distressed funds on investment strategies.
RestructuringHigh YieldLegal Strategy
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At Sarria we have built a reputation for the deepest and most thought-provoking analysis, concisely presented from a principal's perspective.
That perspective starts with the people doing the work.
