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TEAM AND ADVISORY BOARD

 
Francis X. Claro

Francis X. Claró, CFA

Founder & Portfolio Manager

Francis X. Claro is Founder and Portfolio Manager at Contrast Capital Management, where he is responsible for global investment strategies.

Prior to founding Contrast Capital Management, Francis worked at Wells Capital Management, the asset management arm of Wells Fargo Bank and its predecessor firm, Evergreen Investments, which he joined in 1994. Francis served as Head of the International Equity Team and was the Portfolio Manager responsible for International Large Cap, International Smaller Cap and Global Hedged strategies. He also ran the Wells Advantage International Fund and was the International Portfolio Manager for the Wells Advantage Global Opportunities Fund. Clients included both institutional and retail investors. Francis was responsible for asset allocation between the international and domestic portions of global portfolios. Previously Francis was Co-Portfolio Manager responsible for the Emerging Markets Fund and Latin America Fund.   

Prior to joining Wells Capital, Francis worked as an Investment Officer with the Inter-American Investment Corporation, where he was responsible for making private equity and debt investments in Latin America. Francis started his career as a Senior Consultant for Price Waterhouse's International Consulting practice in the U.S. and U.K. working in London, Eastern Europe, and Latin America.

Francis has lived and worked in several countries in Western and Eastern Europe and Latin America.  He is a national of both the United States and Spain and is fluent in Spanish and Catalan, and conversant in Portuguese and French.  Francis has been a guest on CNBC, CNNfn and Bloomberg TV and has been quoted in many publications including the New York Times, the Wall Street Journal and Financial Times.  Francis has served as a Trustee of the Boston Ballet Company where he was Chair of the Investment Committee, and where he is currently an Overseer.  Francis is a council member of the Gillian Reny Stepping Strong Fund at Brigham and Woman’s Hospital, started as an initiative dedicated to innovative trauma research.

Francis received a BS in Business from ESADE in Barcelona, Spain, an MS in Economics from the London School of Economics, and an MBA from Harvard Business School. He has been awarded the Chartered Financial Analyst (CFA) designation from the CFA Institute.

Brad Rathe

Brad Rathe

Senior Risk & Macro Manager 

Brad is a Senior Risk and Macro Manager at Contrast Capital Management, where he focuses on Risk Management strategies.

Brad has over 20 years of experience in the alternative investment industry.  He started his career on the trading floors of Chicago and then moved on to executive level positions at several hedge funds in the US and Europe. Throughout his career Brad has focused on developing management strategies that resulted in strong risk adjusted performance.

Brad is a founding member of AJH, LLC a management consulting firm that assesses and implements risk management solutions including hedging of current exposures, risk modeling, and portfolio management. Prior to AJH, Brad worked at FTC Capital, an Austrian based commodity trading and advisor firm, where he led an operational turnaround. Before FTC, Brad was Research Director and member of the Management Committee at Rotella Capital Management a firm with over US$1.5Bn under management. He started his career in 1992 with EMC Capital Management where he was a trader and helped the firm grow to be one of the top ten largest CTA's in the early 1990's.

Brad is a graduate of Iowa State University where he earned a BA in Finance and has a Series 3 license.


 

Robert Dieter

Robert Dieter

Chief Financial Officer

Bob has extensive experience in financial services accounting and finance functions, including hedge funds, private equity and mutual funds. He has over fifteen years of experience in hedge fund accounting, financial, tax and operations including responsibility for compliance for investment managers focused on international investing. He has assisted in the successful launch of an investment advisory firm and established control environments to manage over $1 billion in fund assets.

Prior to managing the CFO function for Contrast Capital Management, Bob was CFO for Seacross Global Advisors a hedge fund where he was one a co-founder. He established procedures and controls to initialize fund operations and was responsible for accounting, financial and tax matters for the funds and the Advisor. He maintained daily control over operations including confirmation, trade entry and settlement.

Prior to Seacross, Bob was Hedge Fund Treasurer for Oechsle International Advisors where he established and managed the firm's financial, tax and accounting functions for hedge funds and up to $1.3 billion in net assets. He also managed prime broker, audit, tax and legal relationships for the funds and was responsible for regulatory filings.

During his extensive career, Bob has also served as a Vice President of the Trust Division- Investors Bank and Trust Company, Vice President- Massachusetts Financial Services Company and Vice President of Fund Accounting-Fidelity Investments, and as a Senior Audit Manager for Price Waterhouse.

Bob has an M.B.A. from the Tuck School of Business at Dartmouth College and a B.A. from Tufts University in Boston.

Madhu Chaudhary

Madhu Chaudhary

Investment Analyst 

Madhu Chaudhary is an Investment Analyst at Contrast Capital Management, where he focuses on the research and analysis of international equities.  He is a member of Contrast Capital’s Investment Committee.  At Contrast Capital, Madhu performs detailed industry and company financial analysis, examining industry trends, peer groups and creating financial models.  Madhu has strong experience as an international Investment Analyst and has worked for Asset Management and Investment Banking organizations based in the United States and India.

Prior to joining Contrast Capital Management, Madhu advised Zuna Capital Partners, an India-focused special purpose buyout fund setup to acquire a small to mid-sized company with an exposure to the Indian economy. His responsibilities included sourcing deals and conducting due diligence on potential investment opportunities.  

Before joining Zuna Capital Partners, Madhu worked as an Analyst for Sequence Capital, a New York headquartered long/short hedge fund and split his time between Mumbai and New York.  At Sequence, Madhu conducted in-depth fundamental analysis focusing on Indian and US consumer goods, entertainment, and retail companies.  He was directly responsible for identifying, recommending and tracking portfolio investments.  Madhu also actively participated in portfolio risk management and analysis.

Madhu is an Indian national and fluent in Hindi and English.  Madhu graduated summa cum laude from Babson College with a Master of Business Administration (MBA) degree. He holds a Master of Arts (MA) degree in Finance and Investment from the University of Exeter, in the United Kingdom.  Madhu graduated from Bangalore University in India with a Bachelor’s degree in Commerce. 

 
Sripadh Sriraman

Sripadh Sriraman

Analyst 

Sripadh Sriraman is an Analyst at Contrast Capital Management.  At Contrast, Sripadh focuses on idea generation, research and analysis of international equities. He comes with extensive equity research experience covering International and Indian equities and works on assessing core holdings as well evaluating new ideas. In addition, he works closely with the team at Contrast in monitoring of the portfolio’s risk exposures as well as operational and business development efforts.

Prior to joining Contrast Capital Management, Sripadh headed the research effort for private and public equity at Probe Equity Research, in Bangalore, India.  There he worked closely with India-based public and private funds and delivered sector-agnostic investment assessments through detailed business models, financial, valuation and sector/macro-economic analysis on international and domestic companies.  As part of his role at Probe, Sripadh also participated in other operational and client support efforts.

Sripadh received a Msc in Accounting and Finance from Manchester Business School, University of Manchester and a Bachelor of Commerce from Chirst College (Autonomous), Bangalore, India.

Sripadh is an Indian national and fluent in English, Tamil and Hindi. 

 

 
Philip M. Bilden

Philip M. Bilden - Asia

Hong Kong, S.A.R., China and U.S.A.

Philip Bilden is a co-founder and recently retired Senior Advisor of HarbourVest Partners, LLC, a leading global private equity investment management firm with institutional assets under management currently in excess of $40 billion.  He was a founding member of the firm following the management buyout of HarbourVest’s predecessor company in 1997.  Mr. Bilden joined the firm in Boston in 1991 and relocated to Hong Kong in 1996 to establish the firm’s Asian presence as a pioneering investor in the region.

Mr. Bilden has three decades of international management, leadership, and investment experience building a complex, large scale business across global markets with diverse international partners.  Throughout his 25 year tenure, Mr. Bilden has served in senior leadership roles in the firm’s global management, including the firm’s four person Executive Committee responsible for governance.

Mr. Bilden established HarbourVest Partners (Asia) Limited which he led as Managing Director for 15 years.  Based in Hong Kong, he was responsible for the firm’s investment strategy and execution, capital raising, and client service activities throughout the Asia Pacific region, managing personnel and partnerships in multiple countries and cultures. 

Mr. Bilden served on the advisory boards of numerous international private equity partnerships throughout Asia, Africa, and Latin America.  He served as the inaugural Chairman of the Asia Advisory Council for the Emerging Markets Private Equity Association (2011-2012).  He is widely recognized as an industry pioneer and leader in the formation of the Asian private equity industry.

Mr. Bilden has been active in U.S. national security initiatives and support over three decades.  The Bilden family has established several endowed funds for U.S. military veterans scholarship fellowships and faculty support for U.S. national security, U.S. Asia Pacific regional security, and national cybersecurity curricula at leading academic institutions including Georgetown University’s Center for Security Studies; Harvard Business School & HBS Asia Pacific Research Centers; the U.S. Naval Academy Foundation, and the U.S. Naval War College Foundation.

Mr. Bilden serves as the inaugural Chairman of the Center for Cyber Conflict Studies Task Force at the Naval War College Foundation.  Over the past three years, Mr. Bilden has convened distinguished leaders from the US military, intelligence community, legislative branch, policy organizations, and private sector to address the challenges of cyber resilience of critical infrastructure at the national level impacting the U.S. Navy and the nation.  Recent task force recommendations will be presented to the incoming Presidential administration with support from Rhode Island’s Congressional delegation.

Mr. Bilden currently serves on the Board of Directors of the United States Naval Academy Foundation; the Board of Trustees and Executive Committee of the Naval War College Foundation; the Cyber & Tech Council of Business Executives for National Security; the Asia Pacific Advisory Board and Dean’s Board of Advisors of Harvard Business School; and the Board of Visitors of Georgetown University’s School of Foreign Service.

Mr. Bilden graduated with a BS in Foreign Service (magna cum laude) in 1986 from Georgetown University with a concentration in International Politics and as a Distinguished Military Graduate, Army Reserve Officer Training Corps, where he was awarded the President’s Cup as the top graduate of the brigade.  Mr. Bilden served ten years in the U.S. Army Reserve as a Military Intelligence officer from 1986-1996, from Second Lieutenant to Captain, until relocating to Asia.  He received his MBA from Harvard Business School in 1991.

Mr. Bilden and his wife, Patricia Bilden, MD, have been married three decades.  The Bildens have three adult children who were educated in Hong Kong for two decades.  Both their sons serve in the U.S. Navy. Their oldest son is a 2015 graduate of the United States Naval Academy and an Ensign, USN in Aviation, and second son is a Midshipman Second Class, USNA, Class of 2018.

Mr. Bilden is the son of a retired career officer whose 20 year service in the U.S. Navy included a combat tour in Vietnam.  The Bilden family has eight decades of consecutive service in the U.S. Navy and U.S. Army by seven family members over four generations.

 

Alexandre de Botton

Alexandre de Botton - Latin America

Rio de Janiero, Brazil

Alexandre is a Senior Client Partner with Korn/Ferry based in Brazil.

Prior to his current role, he served as a managing partner/managing director and co-founder of Propay, a leading payroll outsourcing company in Brazil. Previously, he was an associate investment banker with Goldman, Sachs & Company's Latin American group based in New York.

Earlier, Alexandre served as an assistant portfolio manager at Global Asset Management in the U.K. and in institutional sales with Opportunity LLP, in Rio de Janeiro.

He currently serves as the regional chairman for the Latin American region for YPO/WPO—Young Presidents' Organization/World Presidents' Organization.

Alexandre earned his master's in business administration from Harvard Business School and a bachelor's degree in economics from PUC—Pontifícia Universidade Católica in Rio de Janeiro.

Alexandre, a Brazilian national, is fluent in English and Portuguese and has working knowledge in Spanish and French.

Eddy Pirard

Eddy Pirard - Europe

Geneva, Switzerland

Eddy Pirard will become Japan Tobacco International’s JTI’s new President and Chief Executive Officer as of April 1, 2017.  He currently serves as Executive Vice President, Business Development, Corporate Affairs and Corporate Communications for the company. 

He joined Japan Tobacco as part of its acquisition of Gallaher Group where he started as Head of Business Development and later created and led the cigar division and the Other Tobacco Products (OTP) division.

Following the Japan Tobacco International’s (JTI) acquisition of Gallaher in 2007, he was appointed JTI’s President for the UK and Ireland region.  In 2010 he was appointed Regional President, Western Europe and in 2014 he became Executive Vice President, Business Development, Corporate Affairs and Corporate Communications.

Eddy began his career in consumer marketing at Procter & Gamble in 1986. In 1991, he joined McKinsey & Co, where he specialized in fast moving consumer goods and worked across a wide range of disciplines in both Europe and the US.

Eddy is a Belgian national, and holds a Business degree from Hautes Études Commerciales (HEC) in Belgium and a Master’s in Business Administration from Harvard Business School.

Stan Rosenzweig

Stan Rosenzweig - U.S.A

Boston, MA, U.S.A.

Stan has over 20 years general management, operational and manufacturing experience in the Consumer Products sector.  His work experience includes serving as President of Euro-Pro, a family-owned company that develops products under the Shark and Euro-Pro brands. While serving at Euro-Pro, Stan oversaw operations, growth, and development of the company, which resulted in an increase of sales from $100 million to $350 million and led a leveraged recapitalization with a payout of over $250 million.

Prior to joining Euro-Pro, Stan served as the Chief Operating Officer of the Holmes Group, a $650 million vertically integrated consumer products company in the kitchen and seasonal appliance categories. His responsibilities at the Holmes Group included managing operations of the company through growth from $40 million to over $650 million in revenues, as well as, overseeing a management buyout with Berkshire Partners in 1996.

Currently Stan is involved in a number of Private Equity investments amongst which he is currently Chairman of Paper House Productions. He serves on the Board of Directors of Polder Products, LLC and the National Board of Directors of Peer Health Exchange, a provider of Health Education to over 25,000+ high school students across the United States.

Stan received his MBA from Harvard Business School and his AB in Government from Harvard University.  He is originally from Montreal Canada, and is a Canadian and U.S. National

Alexander Macridis

Alexander Macridis - Europe

Athens, Greece

Alexander Macridis is Chairman of the Board and Managing Director of Chryssafidis S.A., which was founded in 1882 and is one of the largest suppliers of plumbing and industrial goods in Greece. Alexander has been leading the company since 1991, which also has operations in Eastern Europe and Africa.

Previously, Alexander was an investment banker with Goldman Sachs & Co based in New York, focused on Mergers & Acquisitions and Corporate Finance.

Alexander currently serves as the Treasurer of SEV (Greek Federation of Industries).  He also serves on the board of Titan Cement Company SA, Aegean Airlines SA, Yale University's President's Council on International Activities, The American College of Greece and Alba Business School.

Alexander received a B.A. Degree in Economics and Political Science from Yale College, a Juris Doctor Degree in Corporate Law from Yale Law School, and an M.B.A. from the Harvard Business School.

Chris Premock

Chris Premock - U.S.A

Boston, MA, U.S.A.

Chris W. Premock is a Member of the Board of Advisors at Contrast Capital Management.

Chris is a senior executive with extensive experience in the distribution of asset management and financial products in the United States, the United Kingdom, and Europe.  Chris currently serves as Global Head of Distribution for Frontier Capital Management based in Boston, Massachusetts.

Chris joined Frontier Capital Management in 2007 to lead the global expansion of its institutional plan sponsor and investment consultant network, resulting in an expansion in assets under management from $4.4 billion to over $13.0 billion in AUM as of 2016.  Prior to his role at Frontier, Chris was with Lehman Brothers Asset Management focused on fundraising for its private equity, hedge funds, and international equity teams. He consulted with the firm's most senior leadership that resulted in assets from some of the largest institutions in North America.

Prior to joining Lehman Brothers Asset Management, Chris was with Neuberger Berman based in New York City where he helped design and build the firm's first open architecture advisory service for high net worth families. He subsequently moved to the institutional sales division of Neuberger Berman covering the largest institutions on the east coast of the U.S. and Canada during which time he was appointed one of the youngest Vice Presidents in the firm's history.

Chris holds a Masters in Finance from the ZicklinSchool of Business, Baruch College, a B.S. from Arizona State University and an architectural engineering degree (A.S.) from Vermont Technical College.

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Phone: (617) 523-0104

info@contrastcap.com