Welton Names Chief Risk Officer, Guillaume Detrait
FOR IMMEDIATE RELEASE
CARMEL, CA – Welton Investment Corporation (‘Welton’), today announced that Guillaume Detrait has joined the firm as Managing Director, Chief Risk Officer. He is based in the firm’s headquarters in Carmel, CA and reports to CEO, Patrick Welton.
Mr. Detrait will oversee Welton’s enterprise risk management function, both ensuring that all major risk categories are properly mitigated and further consolidating sound business practices at Welton.
“We’ve always appreciated the enterprise-wide need for risk management. Investment risk often garners much of the focus, but investment risk is really just a fraction of the firm’s total exposure. Formalizing the Chief Risk Officer role in Guillaume is a logical progression in our growth to help unify the management and oversight of this critical area of our business,” said Mr. Welton.
“I look forward to working with a firm whose philosophy and culture is instilled with an appreciation for managing risk,” said Mr. Detrait.
Mr. Detrait’s hiring comes on the heels of Justin Dew joining in February as Senior Managing Director in charge of establishing the firm’s new New York office in response to the firm’s growth and diversifying investor base.
Mr. Detrait was formerly Vice President of Strategy and Analytics at HSBC in California working in their strategic partnerships group. Prior to HSBC, Mr. Detrait served as a Senior Business Manager with Capital One in Virginia and as an audit manager with KPMG in both France and California. Mr. Detrait received his Bachelor of Science degree in Economics from Reims Management School in France and his Masters of Business Administration in Finance from Columbia Business School.
Welton Investment Corporation (‘Welton’) is a 21-year-old, absolute return investment management firm specializing in managed futures, currency and global macro strategies. The firm’s flagship Global Directional Portfolio (GDP) program has approximately $500 million in assets as of 4/30/09. Now in its 6th year, GDP was up more than 23% in 2008 and has compounded annualized returns of over 14% since inception in June 2004 through April 2009. Based in Carmel, California, Welton is registered as a Commodity Trading Advisor (CTA) with the Commodity Futures Trading Commission (CFTC) and is a member of the National Futures Association (NFA). For more information, please visit www.welton.com.
THE INFORMATION CONTAINED HEREIN IS INTENDED FOR QUALIFIED ELIGIBLE CLIENTS AS DEFINED IN CFTC REGULATION 4.7. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. NO REPRESENTATION IS BEING MADE THAT ANY INVESTOR WILL OR IS LIKELY TO ACHIEVE SIMILAR RESULTS. FUTURES, FORWARD AND OPTION TRADING IS SPECULATIVE, INVOLVES SUBSTANTIAL RISK AND IS NOT SUITABLE FOR ALL INVESTORS.