[citation needed] From 1987 through 1994, Ferraro worked at Citibank in Sao Paulo, Brazil, where he was responsible for asset trading and for the coverage of Brazilian and multinational clients.
From 2000 through 2003, he worked at Salomon Smith Barney's Investment Bank, where he was head of TMT (Technology, Media & Telecom) for Latin America.
He is responsible for implementing debt restructurings in Latin America and for sourcing, originating and executing transactions in the region.
Ferraro, along with colleagues from Deutsche Bank and Citibank, had prepared the latest debt swap proposal 2009 “without compensation,” but with the understanding that they would eventually receive the customary commissions.
[1] A November 2013 article noted that it was Ferraro who had had the “extravagant idea of getting the bondholders who entered the two exchanges to finance part of the payment to the holdouts, with the idea of avoiding a new default that would liquefy their holdings.”[2] La Nación noted in November 2013 that Gramercy was one of five favored companies that were being paid as a result of ICSID (International Center for the Settlement of Investment Disputes) arbitration.