Photo of Tsvetan N. Beloreshki

Tsvetan N. Beloreshki

Managing Director
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Overview

Tsvetan Beloreshki is a Managing Director in BRG’s Finance and Securities Litigation group and is based in New York. His practice is driven by his unique combination of deep expertise in the area of financial economics, strong quantitative skills, and vast marketplace experience as a trader in fixed-income, foreign exchange, derivative instruments, and structured finance products. He has been qualified at trial and arbitration hearings as an expert in financial economics, securities markets, structured finance, financial engineering, securities valuation, damages, market microstructure, suitability, hedge fund due diligence, document discovery/spoliation, commercial reasonableness, and industry customs and practices.

Mr. Beloreshki has provided economic consulting services in areas including credit and fixed income, foreign exchange, commodities, derivative instruments, complex financial and tax structures, hedge funds, real estate, financial crises, and market liquidity. He has led internal investigations on behalf of major financial institutions in the areas of fixed income, commodities, foreign exchange, and structured finance.

Before his consulting career, Mr. Beloreshki was a member of Banque Paribas’ Structured Products and Credit Derivatives team in London and New York. As a Trader, he analyzed the credits and made markets in sovereign and corporate bonds as well as in an array of credit derivative instruments. In addition to his responsibilities related to the active trading and risk management of a book of complex debt instruments, he was responsible for developing methodologies used in the identification of credit and cross-currency arbitrage opportunities, as well as in relative value trading across the spectrum of fixed income instruments, asset swaps, and credit derivatives markets. Mr. Beloreshki held a National Association of Securities Dealers General Securities Representative license (Series 7) with Banque Paribas and William M. Mercer Securities Corporation between 1997 and 2002.

Mr. Beloreshki has also worked with a diverse base of banking institutions in the United States, Canada and Great Britain in establishing and maintaining a proprietary software system dealing with asset-liability management in the context of portfolios of mortgage-backed securities and collateralized mortgage obligations.

Mr. Beloreshki has published articles and working papers in the areas of fixed income securities valuation, comparative analyses of the major rating agencies’ methodologies with respect to modeling credit in the context of structured finance products, and various liabilities and damages issues related to the litigation of fixed income instruments, hybrid derivatives, and structured finance products. He has presented at seminars and conferences on topics ranging from the economics and valuation of derivative securities and structured finance products to financial economic issues as these relate to various aspects of securities litigation.

Education

University of Chicago
MBA, Econometrics, 1996

University of Chicago
B.A., Economics, 1993

Employment History

FTI Consulting, Inc.
Senior managing director
2010 - 2016
Managing director
2008 - 2009
Director
2006 - 2007

Deloitte & Touche LLP
Senior manager
2005 - 2006

NERA Economic Consulting
Consultant / senior consultant
1999 - 2005

Banque Paribas
Trader, structured finance
1997 - 1999

QRM, Inc.
Senior consultant
1997