People

Founded in 2003

IRML was founded in 2003 by Yves de Naurois (formerly Head of Global Investment Process at Citibank Private Bank) and Peter Jeffreys (co-founder of Fund Research and former portfolio manager with Fidelity) in response to the growing risk monitoring needs of the asset management community. These requirements have largely arisen as a direct result of UCITS III and the increasingly complex nature of the instruments employed within today's investment portfolios, though best practice has preceded regulation and has been a significant driver towards more thorough and sophisticated risk monitoring.

"I would recommend IRML - the people are good and the service is good."

IRML staff experience

IRML staff have a wealth of industry experience from the areas of risk management, asset management, broking, index supply and backgrounds in equities, bonds and derivatives.

	Norman Riddell, Chairman Norman is Chairman of Norman Riddell & Associates Limited, an FSA-regulated company providing consultancy and corporate finance services to the financial sector. Prior to this, Norman was Chief Executive of INVESCO Europe, at the time one of the largest global quoted asset managers. Before joining INVESCO, Norman was Chief Executive of Capital House Investment Management Limited, an international investment management business which he created for The Royal Bank of Scotland. He was also a Director of other Royal Bank companies including Charterhouse, Royal Scottish Assurance and Charterhouse Venture Capital.

	Yves de Naurois, CEO Yves was Head of Global Investment Process at Citibank Private Bank and CEO of Citibank Luxembourg. Independent Risk Monitoring Limited’s exception-based process reflects Yves’ experience of quantitative tools obtained to control investment portfolios at Citibank Private Bank, including performance attribution and a variety of risk-factor models.

	Peter Jeffreys, Director Peter was co-founder of Fund Research Limited, which provided qualitative ratings on open and closed-end funds, and which was acquired by Standard & Poor’s in 1997. Prior to Fund Research, Peter was a portfolio manager with Fidelity International, and before that, with Schlesinger Investment Management Services. He has over 30 years investment management experience and is an Associate Member of UKSIP.

	Michael Burley, Head of Risk Michael joined IRML from the UK fund management arm of Allied Irish Bank where he was a senior risk analyst and project manager on regulatory compliance projects. Prior to AIB Michael worked in Private Wealth Management for KPMG.

	Christopher Norris, Senior Quantitative Analyst Chris specialises in the building of exotic option pricing routines to be embedded in the Historical and Monte Carlo simulation engines deployed within IRML's Risk Radar. Prior to his assignment with IRML, Chris was a portfolio manager at Progressive AM and head of risk at Charlemagne Capital Limited. Chris holds an M.Sc. from Kings College, London, in Mathematical Finance with a specialisation in Levy processes and Exotic Option pricing, and a BA in Physics from Wadham College, Oxford.

	Mohammad Nadjafi, Senior Analyst Mohammad has a M.Sc. in electrical Engineering from the Ecole Polytechnique Federale de Lausanne. Mohammad was a partner at MBS Capital Advice in Geneva where he worked in the area of manager selection and performance and risk measurement. From 1999 to 2001 he was Senior Investment Officer and head of Swiss Asset Management at Banque SCS Alliance. He was the Founding Partner of Logical Investment, Geneva.

	Krishna Patel, Risk analyst Krishna is a graduate from King’s College London with a M.Sc. in Theoretical Physics. He joined IRML in 2007.

	Mafalda Alabort, Risk Analyst Mafalda has an M.Sc. in Industrial Engineering from the Universidad Politécnica de Valencia and an M.Sc. in Financial Engineering from the University of London, with an emphasis on derivative pricing and financial risk mathematics. She joined IRML in February 2010 after a career in the automotive industry and IT.

	Martin Ewen, Risk Analyst Martin studied Business and Economics at the University of Giessen and the University of International Business and Economics (UIBE) in Beijing. Majoring in Finance and Banknig, Econometrics and Managerial Accounting he graduated as Diplom-Kaufmann (Master's equivalent) in 2009. Martin joined MIRS at the beginning of 2010.

	Ismael Tanou Fadiga, Data analyst Ismael holds a DEA (M.Sc.) from the University of Lyon II and an MA in Finance with distinction from University of Nottingham.

	Andrea Livotto, Independent Senior Consultant "Clarity Derivatives" Andrea has ten years of investment banking experience in London. He has worked as derivatives structurer at Brevan Howard and Credit Suisse. Prior to this, Andrea worked in risk technology and risk management, respectively at Credit Suisse and Deutsche Bank. Andrea studied mathematics and finance at the universities of Oxford and Paris.

	Kevin Greaney, Operations Manager Kevin joined IRML from the JPMorgan collateral management team where he was a team leader and migration project manager. Central to his functions were liquidity monitoring, stress testing derivative pricing and mediation of disputed margin calls. Kevin is a certified Financial Risk Manager, FRM, and a level 3 candidate in the CFA program. He is a member of GARP and the CFA institute.

	Duncan Welch, Head of IT Duncan has been working in the IT sector for over 12 years, coming from Charteris Plc, a medium sized IT development house and business consultancy in the city. He has worked with a range of companies, from small start-ups to large blue chip companies, such as Vodafone, Premium Credit Ltd (MBNA) and Global Crossing. He specialises in Microsoft development technologies.

	Yi Wang, System Development Yi obtained his BSEng of Computer Science in China and has been working in the mobile & telecoms industry for four years before came to UK. After obtaining his MSc in Computer Science from University of London, he has been working in Cable Wireless UK as senior system developer and business analyst before joined IRML in 2008. His knowledge and experience cover Object Oriented Design, Database Design & Development and Networking.

To learn more about IRML, call us on +44 (0)20 7324 1400 or