Investment & Portfolio Consultants Limited ( IPC ) – Principals and Key Personnel


David F. Crystal – Co Founder & Managing Director

Over 39 years of Trading, Asset Management and Investment Banking experience. From 1979 to 1995 worked for a number of large international banks and investment banks in London and Toronto, with diversified roles in trading and sales in corporate finance and capital markets, equities, foreign exchange, money markets, swaps and arbitrage. In 1995 established Investment& Portfolio Consultants ( IPC ) with Zev Crystal. IPC specialises in portfolio management; credit arbitrage trading; investing in the global Government & Corporate bond markets for institutional clients, private banks and family offices. Director of Star Asset Management Limited, an international investment “Boutique”, founded in 1994 by Jack Crystal, which operated from Bermuda.

Zev Crystal – Co Founder

Over 38 years of working experience specifically in the bond markets; in market making; proprietary trading; investment and portfolio management.

From 1982 to 1991 worked for many large international investment banks and securities houses, in London, New York and Toronto; held senior management positions, heading up Eurobond, market making and proprietary trading desks.

In 1991 was a partner in a private asset management company specialising in bond portfolio management and bond arbitrage trading.

In 1995 established Investment& Portfolio Consultants ( IPC ) with David Crystal. IPC specialises in portfolio management; credit arbitrage trading; investing in the global Government & Corporate bond markets for institutional clients, private banks and family offices.

Director of Star Asset Management Limited, an international investment “Boutique”, founded in 1994 by Jack Crystal, which operated from Bermuda.



Leonard A. Watson - Senior Portfolio Manager

Over 33 years of Trading and Investment experience. Worked for a number of International Banks in senior trading roles, making markets in Warrants, Convertibles and Equities. For the last 18 years worked for IPC as a Portfolio Manager, managing and trading diversified and tailored Global Fixed Income portfolios and strategies. Len has developed a proprietary suite of software used to track, compare and analyse global bond markets. 


Matt Sawyer - Analyst / Trader

With over 20 years in the Financial Markets. Matt joined Investment & Portfolio Consultants ( IPC ) in 1999. Responsibilities include analysing and trading the bond portfolio during Asian hours. He has also been responsible for both managing the middle and back office operations and systems. He has designed, built, automated and integrated many of IPC's in-house software and systems and also monitors the risk management systems in conjunction with IPC's management.