Wednesday, 25 May 2016
Last updated 8 hours ago
Apr 18 2011 | 10:41am ET
Commonfund, an institutional investment manager with $26 billion AUM and 1,500 clients, has tapped David Belmont as chief risk officer of the Commonfund Group.
Belmont has specialized in institutional risk management for the past 17 years. Before joining Commonfund, he was with UBS, where he served as global head of hedge fund credit and managing director-risk management for UBS Prime Services. Prior to UBS, Belmont spent over six years in Singapore with Temasek, the country’s $100 billion sovereign wealth fund—most recently as its chief risk officer. He has also worked for Anderson, Black River Asset Management and Citicorp.
In his new role, Belmont will report directly to Verne Sedlacek, president and CEO of Commonfund Group and to the audit and risk management committee of the Commonfund board of trustees. He will also serve as a member of the Commonfund investment policy and asset allocation committee, and will have risk management oversight of all Commonfund investment programs.
“This is important news for Commonfund and our clients as we are able to hire somebody with David’s technical and practical skills and proven track record,” said Sedlacek. “His deep quantitative knowledge combined with his experience with leading institutional investors brings a wealth of knowledge to Commonfund and to our clients.”