Primus Financial: the risk repository
Primus Financial occupies a unique place in the credit derivatives market by writing CDS protection – and then holding the swaps to maturity
Far from the power-broking steakhouses of New York City, Thomas Jasper first met venture capitalist Jay Shidler in a small beach-side restaurant in Hawaii in 1998. Jasper, a 17-year veteran of Salomon Smith Barney, created Salomon’s interest rate swaps business in 1982 and held several senior posts at the firm. In 1984 he founded and, alongside Artur Walther of Goldman Sachs, co-chaired the International Swaps and Derivatives Association (Isda). This doyen of the derivatives markets had left
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