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