Independent

Financial Advisers & Arrangers
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Corporate Finance & Capital Markets advice and execution.

OXFORD PORTFOLIO ADVISERS LTD

independent

Financial

Advisers & Arrangers

Corporate Finance & Capital Markets advice and execution.

Oxford Portfolio Advisers Ltd.

Opal is a London-based, FCA regulated, financial services firm, that provides independent specialist Corporate Finance & Capital Markets advice and execution, to small- / mid-cap Enterprises, Family Offices, and professional Portfolio Managers around the world. Our core mission is to meet our clients’ long-term corporate financing growth and development needs and providing dedicated advisory and execution services to sophisticated Family Offices and professional UHNW bond portfolio managers. 

Opal was founded in 2014 by Rupert Clifford, a 25+ year bond market veteran, who had previously been responsible for managing UHNW and Family Office bond portfolios at Banque Privee Edmond de Rothschild in London. Today, the Opal network comprises dedicated Advisers in over 40 countries worldwide. Our core team of Senior Advisers is spread across 5 continents and is made up of veteran investment bankers, analysts, corporate lawyers, accountants, business owners and entrepreneurs, all with extensive international commercial experience.

As an independent financial services firm, Opal is able to offer to its clients introductions to its extensive global network of corporate banking relationships covering more than 250 banking institutions in over 90 countries worldwide. We pride ourselves in the longevity of our client relationships, in many cases dating back over 30 years and covering multiple cycles, crises and generations of investors.

Corporate Finance

providing clear solutions in a complex world of finance.
With a focus on quality, detail and diligence and highly attuned to customer needs, Opal’s Corporate Finance team, through its extensive network and experience, seeks to arrange the highest caliber and most suitable financing to provide longterm, secure foundations for our clients growth and development ambitions.

Our independence and broad network allows us to compare a multitude of solutions in the market, in order to secure the best financing partners for our clients at competitive rates.

In addition Opal Advisers have extensive experience providing companies with highest quality business development advice.
Opal can advise on, and arrange the full spectrum financing options available to ensure a healthy balance sheet and sufficient growth capital available to support our clients ambitions.
  • Balance sheet refinancing
  • Project financing
  • Asset financing
  • Working Capital
  • Export Credit
Opal offers a unique service to companies looking to issue their first bond. Our deep understanding of bond markets and independent position allows us to assist those companies to navigate the complex process of bond origination, to ensure a successful launch at a competitive coupon rate.

Opal assists with the following aspects:
  • Company analysis
  • Preparation and Documentation
  • Data room services
  • Finacial Modeling
  • Bond Structure
  • Due Diligence
  • Lead Manager selection
  • Rating Agency selection
  • Legal Counsel selection
  • Non-deal Roadshow
  • Deal Roadshow
  • Launch
  • Secondary Market Liquidity
Opal is fully dedicated to assist companies with financing their ESG ambitions, in particular in the "Green Energy Transition" sector. Opal has a rich network of relevant investors looking to deploy their funds:
  • Impact investors
  • ESG Investment Funds
  • Multilateral Development Funds
  • Green Bond Issuance
Opal can assists in the full process of mergers & acquisitions, from developing strategies, to the financing and execution.

Opal has extensive experience and know-how in:
  • Mergers
  • Acquisitions
  • Disposals
  • Management Buy-outs
  • Management Buy-ins
Opal provides business owners and shareholders with a (multi-year) exit, or succession strategy, including arranging the actual exit.
  • Investor selection
  • IPO
  • Succession planning
  • Buy-outs
  • Buy-ins
ask our experts

is your business
ready for its
first bond?

request your free consultation

Capital Markets

first-class Advice & Execution for qualified investors.
With its roots firmly in the global credit markets, Opal offers deep knowledge and understanding, access and liquidity to international bonds issued from 115 countries around the world. Opal’s proprietary trading strategies developed over 20+ years offer our clients enhanced probabilities of outperformance, irrespective of benchmark. Opal’s bond portfolio clients are always actively trading to maximise returns while minimising risk, constantly seeking to improve credit quality and portfolio diversity, exploiting pricing anomalies and picking up yield.

fixed income

always seek a better bond
Opal employs a methodical process to ensure enhanced probability of portfolio outperformance for its clients. Building on well-established strategies and seasoned Advisers, Opal remain vigilant and alert to the relevant opportunities presented in the vast and complex international bond markets. Working closely with our portfolio manager clients, we seek to add value to each transaction through a combination of exceptional market access and proprietary analyses identifying pricing anomalies and investment opportunities

equities

finding high growth opportunities
Whether clients are seeking total return, with or without leverage, Opal is continually working to outperform its clients‘ selected benchmarks through real-time optimisation of portfolio allocations, both through identification of secondary market switching opportunities and carefully selected participation in the IPO markets.
Recently, Opal particularly focusses on high yield growth markets in South-east Asia and Australia, adding new trading partners every month to provide our clients with additional market access.

Recent Transactions

OPAL has recently advised on the following transactions
The combined expertise in capital markets and corporate finance allows Opal to manage transaction across the industries, and across the globe. In return, this flexibility creates a unique opportunity for our clients to receive tailor-made advice and execution both on the corporate side, as well as on their private investment  portfolio optimization.

2021

Sustainable Energy

EUR 100M Project Finance

Region:
Europe
Advisers to European sustainable energy producer on EUR 100M financing and international growth strategies.

2021

Net-zero Real Estate

EUR 200M Expansion Financing

Region:
Europe
Advised European Property Developer on Euro 200M expansion financing for their carbon neutral real estate portfolio.

2021

Private Wealth

USD 500M AUM Fund

Region:
UK
Adviser to London Based USD 500M Private Wealth Manager on capital raise, financing and growth strategy.

2021

Investment Fund

USD 300M AUM Fund

Region:
UK
Adviser to UK based USD 300M Special Situations Fund on fixed income and equity investment strategy in Australia, Korea, Indonesia, India and Japan.

2021

Environmental Protection

GBP 200M Green Bond

Region:
UK
Advisers to Environment Protection Trust on the issuing of their GBP 200M debut Green Bond  to finance their expansion strategy.

2020-2021

Yachting Industry

USD 25M M&A

Region:
Caribbean
Advised on USD 25M merger and refinancing of Superyacht Services companies in the Dutch Caribbean.

2020-2021

Shipping Industry

ESG strategy

Region:
USA
Adviser to Nasdaq listed USD 500M Shipping Company on ESG strategy and fleet repurposing.

2020

Industrial Manufacturing

EUR 200M Debut Bond

Region:
Europe
Advised Euro 500mm European Industrial Manufacturer on refinancing of Euro 200M corporate debt through a debut bond issuance.

2020

Micro-Financing

USD 70M Debut Bond

Region:
Cambodia
Global Coordinator for an Asian Development Bank guaranteed USD 70M debut bond issue for Micro-lender in Cambodia.

2019

Private Equity Fund

Placing Agent

Region:
Indonesia
Placing Agent for USD 200M Indonesian PE Fund.

2019

Energy Sector

USD 165 M&A

Region:
USA
Advised on Acquisition and Refinancing of US 165M US Energy Company.

2018-2019

Sovereign Wealth Fund

Strategic Acquisitions

Region:
South-east Asia
Advised USD 20bn Sovereign Wealth Fund on strategic acquisitions in South-East Asia.

2018

Sustainable Energy

USD 600M Solar PV Projects

Region:
LATAM
Advised European Solar Power Developer in Financing of USD 600M pipeline of Solar Plants Construction in Latin America.

2018

Yachting Industry

Asset Disposal

Region:
South-east Asia
Advisors on the auction and disposal of a USD 150M Superyacht.

2017-2018

Closed-End PE Fund

Disposal

Region:
Asia Pacific
Advised USD 150M AIM listed Closed-End Private Equity fund on orderly wind-down and disposal of portfolio of 14 holdings across Asia Pacific.

2016

Trade Finance Fund

Capital Raise

Region:
LATAM
Fund raise for USD 25M Central American Trade Finance Fund.

2015

Capital Markets

Fixed Income Trading

Region:
Global
Arranged over USD 100 of secondary market illiquid debt transactions.

2014

Agriculture Sector

Reorganisation

Region:
Global
Advised and executed shareholder reorganisation of USD 500M FTSE listed Global Agriculture company.

2014

OPAL is founded

Company Launch

Region:
London
In 2014, Rupert Clifford, together with a team of former colleagues from Edmond de Rothschild, starts Oxford Portfolio Advisers Limited.
view detailed transaction historyHIDE HISTORY

The Team

Rupert Clifford
CEO
Rupert founded Oxford Portfolio Advisers in 2014, together with a team of former colleagues from Edmond de Rothschild London. He started his career at Crédit Agricole and later at ICBC Standard Bank in the Fixed income Sales and Originations and in 2003 became Director Fixed Income at Edmond de Rothschild London.
read more
Casper de Laat
Head of Operations
As VP of Operations, he is responsible for ensuring professional and operational excellence in Opal's day-to-day business. As an entrepreneur and in recent years as corporate finance adviser, Casper understands the client’ perspective and motivations, ensuring smooth communication and project execution.
read more
Rupert Warmington
Global Head of Trading
Rupert is a highly experienced Fixed Income market professional with a predominant focus on global credit markets. Throughout his career he has held senior trading, director and managing director positions at institutions such as BNP Paribas, Bear Stearns, ABN AMRO, Tradeweb and SIX Group.
read more
Tomoko Ohta
Head of Equities - Asia Pacific
Tomoko has over 16 years of extensive experience in the Japanese equity market across institutional sales, investment banking and investment management. She has previously worked in research & institutional sales at Mizuho & Nomura as well as in the investment management business as a junior fund manager at Schroders, a UK based global long only fund.
read more
Frederick Dvorak
Senior Corporate Finance Executive
Frederick has over 30 years of international corporate finance and transaction experience across a broad array of companies and a multitude of industries.
read more
Marc Plessier
Compliance Officer
Marc has 20 years’ experience as a MLRO and Compliance Officer, with both practical wholesale and institutional clients.
read more
Lars Henrikson
Head of Trading - Asia
Lars has extensive and broad experience working as a senior Capital Markets strategist and adviser, with a strong focus on Asian. Based in Malaysia, he is recognized for his deep understanding of the Southeast Asian culture and society, as well as the macro-economic fundamentals that govern the region.
read more
Brower Moffitt
Senior Capital Markets Adviser
Brower is a seasoned International Fixed Income and Capital Markets specialist with over 40 years of experience in the global marketplace.
read more
Ogeday Topcular
Business Development Adviser
Ogeday is a partner of RAM Capital and worked as an executive vice-president till 2017. He was the head of the Asset Management department, where he had overall responsibility for portfolio management activities and the risk management and investment policies.
read more
Mete Sarper
Business Development Adviser
Mete is the Founder and CEO of RAM Capital SA in Geneva, which he set up in 2002. He was formerly treasurer of Turkish Bank (UK) Ltd. in London, which he had joined in 1988. In his capacity as treasurer, from 1995, he managed all the group’s investment policies and assets, including a portfolio of around USD 300 million invested in emerging markets.
read more

Rupert Clifford

Chief Executive Officer
Rupert Clifford founded Oxford Portfolio Advisers in 2014, together with a team of former colleagues from Edmond de Rothschild London. He started his career at Crédit Agricole and later at ICBC Standard Bank in the Fixed income Sales and Originations and in 2003 became Director Fixed Income at Edmond de Rothschild London.

Through decades of experience in the Capital Markets, he brings a vast global network of banking- and investor relationships, allowing Opal to offer its clients high-level access to the Debt- and Capital Markets.

As Managing Director, Rupert is involved in both the Corporate Finance, as well as the Capital Market transactions, with a focus on Fixed Income trading and Debut Bond origination.

Casper de Laat

Head of Operations
Casper de Laat
has been an independent entrepreneur since the late 90’s. His broad interest resulted in Managing Director positions in companies in the Healthcare, Hospitality, Real Estate and most recently the Finance sector.

As Head of Operations, he is responsible for ensuring professional and operational excellence in Opal's day-to-day business. As an entrepreneur and in recent years as corporate finance adviser, Casper understands the client’ perspective and motivations, ensuring smooth communication and project execution.

While he is involved in every aspect of Opal's business, his focus is on the Corporate Finance operations, with keen interest in financing for the “Green Energy Transition” and ESG related financing in general.

Rupert Warmington

Global Head of Trading
Rupert Warmington
is a highly experienced Fixed Income market professional with a predominant focus on global credit markets. Throughout his career he has held senior trading, director and managing director positions at institutions such as BNP Paribas, Bear Stearns, ABN AMRO, Tradeweb and SIX Group. During the earlier years of his career, he was responsible for trading institutional market-making books across several different sectors and currencies.

In more recent years Rupert has been responsible for conceiving, designing, implementing, and managing all business aspects of several successful Fixed Income trading platforms in both bonds and credit derivatives.

As Global Head of Trading, Rupert is responsible for both the fixed income and equities trading growth strategy at OPAL, as well as the execution aspects of the business.



Marc Plessier

Chief Compliance Officer
Marc Plessier
has 20 years’ experience as a MLRO and Compliance Officer, with both practical wholesale and institutional client. His particular expertise is in investment banking, corporate finance, broking, institutional sales, equity research, market-making, treasury services, money markets, foreign exchange, fixed income, emerging markets, sovereign debt, payments services, credit rating businesses.

Marc lectures on financial regulation and compliance at masters level within various European business schools and also am available to speak at corporate and professional briefings on a diverse range of regulatory subjects such as Financial Crime Compliance (FCC), Anti-Bribery & Corruption (ABC), Anti-Money Laundering (AML), Sanctions & Extra-territoriality, Market Abuse, Insider Trading, Fraud, Transaction Reporting, and a variety of global and national regulatory hot topics.

Frederick Dvorak

Senior Adviser
Frederick Dvorak
has over 30 years of international corporate finance and transaction experience across a broad array of companies, industries, and jurisdictions in developed and emerging economies.

He has worked for private and listed companies, advising their Boards and shareholders on mergers and acquisitions, disposals, management and leveraged buy-outs, financing of balance sheet, assets and projects, deal structuring, negotiation, due diligence, valuation and business development, principally in the mid-cap market. In addition, he was involved in privatisations, advising governments on structure, process, and execution.

In addition to his corporate advisory services, his knowledge is sought after by blue chip institutions, where he gives lectures on corporate finance subjects.

Frederick joined the OPAL team as a Senior Adviser in 2021, where he focusses on corporate finance transactions, both in the UK and abroad.


Lars Henrikson

Senior Adviser
Lars Henrikson
has extensive and broad experience working as a senior Capital Markets strategist and adviser, with a strong focus on Asian. Based in Malaysia, he is recognized for his deep understanding of the Southeast Asian culture and society, as well as the macro-economic fundamentals that govern the region.

As Head of Trading – Asia, Lars provides OPAL with invaluable insights and connections into the regional markets.

Tomoko Otha

Head of Equities Asia Pacific
Tomoko Otha
has over 16 years of extensive experience in the Japanese equity market across institutional sales, investment banking and investment management. She has previously worked in research & institutional sales at Mizuho & Nomura as well as in the investment management business as a junior fund manager at Schroders, a UK based global long only fund.

She follows a comprehensive investment approach that takes into account macro, industry & company specific factors and technicals, all of which are critical to understand stock behaviour and deliver high quality returns.


As Head of Equities Asia Pacific, Tomoko is responsible for the equities growth strategy, as well as the execution aspects in the region.

Brower Moffitt

Senior Adviser
Brower Moffitt
is a seasoned International Fixed Income and Capital Markets specialist with over 40 years of experience in the global marketplace.

Prior experience includes being responsible for global fixed income and equity syndicate, sales, trading and portfolio management for a Kuwaiti Pension Fund, General Principal of NYSE firm, Syndicate Manager and Head of Global Trading and Sales of Fixed Income and Equities for a global banking institution’s New York office.

Ogeday Topcular

Business Development  Adviser
Ogeday Topcular
is a partner of RAM Capital and worked as an executive vice-president till 2017. He was the head of the Asset Management department, where he had overall responsibility for portfolio management activities and the risk management and investment policies. He was formerly the company’s risk manager, in charge of developing and enhancing the risk management policies and their application to both funds and portfolios.

Together with Mete Sarper, Ogeday brings a wealth of experience and relationships to the OPAL Team, where they assist with the business development and deal originations of the company.

Mete Sarper

Business Development  Adviser
Mete Sarper is the Founder and CEO of RAM Capital SA in Geneva, which he set up in 2002.

He was formerly treasurer of Turkish Bank (UK) Ltd. in London, which he had joined in 1988. In his capacity as treasurer, from 1995, he managed all the group’s investment policies and assets, including a portfolio of around USD 300 million invested in emerging markets. Prior to that, from 1991 to 1995, he headed up the bank’s foreign exchange and money market departments, developing substantial trade flows with Turkish banks and corporations and becoming one of the first Turkish market makers.

Together with Ogeday Topcular, Mette brings a wealth of experience and relationships to the OPAL Team, where they assist with the business development and deal originations of the company.

OXFORD PORTFOLIO ADVISERS

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Oxford Portfolio Advisers Ltd is authorised and regulated by the Financial Conduct Authority, reference number 692560.
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