Andre Chelhot

Advise the Board of Directors on the major global macro developments and prepare regular research notes on the major global macro themes.

Central banks policy watcher of the G7 countries.

Propose macro trading strategies in interest rates and FX rates.

DNC Holdings is a real estate investment and development company with operations in Athens, Mykonos, Antiparos, and Miami. DNC Holdings has completed over the last seven years the purchase, renovation and refurbishment of Paradise Estate Mykonos, the Gem Society Hotel in Athens, a luxurious villa in Antiparos, and a luxurious apartment in Kolonaki.

• Assisted in the development of training materials for new advisors, improving overall team performance.

• Manage the macro hedge fund of the Olayan Group: assets under management of 5 billion dollars and an average annual total return exceeding 12%. The style of the fund is a long-term investment horizon with emphasis on macroeconomic fundamentals in G10 and Emerging Countries.

• Manage the FX and interest rate risk for the entire balance sheet of the Olayan Group -close to 30 bn dollars.

• Establish global macro positions in FX, interest rate, and sovereign credit, using mostly FX forwards, FX options, interest rate and cross currency swaps, government and corporate bonds, structured products, and CDS.

• Manage a team of 4 portfolio managers, one economist, and two back-office specialists.

• Manage relationships with all trading counterparties

• Advise the board of directors of the Olayan Group on the global macro themes and their impact on its different asset classes.

• Represent the Olayan Group in international economic forums and conferences.

· Started and managed the Economic Research Division, which is responsible for monitoring the global economy and geopolitics, in order to assess investment opportunities in different global industries and predict future movements in the global financial markets through econometric forecasting models. Areas of concentration: Banking, energy, real estate, foreign exchange, and fixed-income markets.

· Assessed the impact of major economic and political developments on the company’s global portfolios and presented analysis to management.

· Managed an economic database for the OECD and major emerging countries.

· Represented the Olayan Group Group in international economic forums and conferences.

· Established and maintained regular contact with the Chief Economists of the major investment banks in London and NY.

· Visited government officials from the central banks and ministries of finance of the G7 countries.

• Member of the team responsible for the trading desk in foreign exchange, fixed income, and money markets.

• Initiated and executed hedging and trading strategies in foreign exchange and interest rate derivatives.

• Proposed new investment and trading products to management to enhance the performance of hedging strategies.

· Trader on the open market operations and FX interventions at the Bank's Montreal

· Regional Office.

· Conducted research on the relationship between the derivatives market and the cash market and published results and analyses in regular reports.

· Monitored the fixed-income markets in the United States, Europe, and Asia and gave a regular briefing to the Deputy Governor of the Bank.

· Produced regular reports for the Bank's Board of Governors on the Canadian and US fixed-income markets.

· Managed the auction process of the Government Canada Treasury bills and bonds and maintained close contact with the major primary deadhead in the province of Quebec

· Conducted research to study the impact of new developments in the financial markets on the implementation of the monetary policy in Canada.

· Innovated several projects including the construction of new monetary aggregates that included mutual funds flows. {M2++), the relationship between swap spreads and mortgage rates, and the development of the mortgage-backed securities market in Canada.

· Covered the profitability of the Canadian chartered banks and prepared a quarterly review for the Deputy Governor for financial institutions.

· Supervised the construction of the Canadian monetary and credit aggregates and studied their relationship with the business cycle using econometric models.