HONG KONG, March 20, 2013 /PRNewswire/ -- Deltec International Group, a global private banking and wealth management business, with offices in Nassau, Bahamas, London, Hong Kong and Palm Beach today announced the appointment of Atul Lele as Chief Investment Officer. Mr. Lele will oversee Deltec's global investing process, including coordination of the global investment committee, research, investment strategy, investment origination and portfolio management. He joins Deltec from Credit Suisse in Sydney, Australia, where he served as the Head of Equity Strategy.
"Atul is well-recognized as a thought leader globally and is one of the few strategists who has astutely guided clients through inscrutable financial markets over the past five years. He brings an entrepreneurial drive and a unique investing style that consistently generates creative investment opportunities for clients," said David Munoz, CEO of Deltec International Group. "Over its 60 year history, Deltec has always been known to deliver innovative solutions to clients. Having Atul join us will inevitably further that mission."
During his tenure at Credit Suisse Australia, Atul was consistently top ranked by clients, within the firm. He was also highly rated by external surveys, including being the top rated Strategist by both the Institutional Investor and Peter Lee Surveys in 2012.
"I am thrilled and honored to be joining Deltec in this exciting time," said Mr. Lele about joining Deltec. "When I first considered the Deltec platform, I was immediately attracted to the quality of the institution, the independence of the platform, and the primary focus on clients. I am enthusiastic about joining the incredibly high caliber team assembled at Deltec, led by CEO, David Munoz, and Executive Chairman, Jean Chalopin, and further building an investment team that regards high quality client service as paramount."
"The valuable addition of Atul to our global platform further enhances our ability to evaluate the optimal investment decisions, and provides our External Asset Management platform and Investor Round Table participants access to proprietary independent thought leadership from a global macro perspective," said Anthony Chan, CEO of Deltec Capital.
Mr. Lele is a regular commentator in major financial media, including: Bloomberg, CNBC, The Wall Street Journal, and brings a wealth of investing experience to Deltec. Prior to joining Credit Suisse, he was a principal at White Funds Management, having served as a portfolio manager for long only equity funds, long-short equity funds, REIT funds and fixed and floating rate credit funds.
Mr. Lele is a CFA Charterholder and holds a B.Com in Finance and Accounting from the University of New South Wales in Sydney.
For additional information on Deltec, please visit www.delteccapital.com, www.deltecbank.com, www.deltecwealth.com, or contact David Munoz at dmunoz@deltecinv.com.
About Deltec International Group
Deltec was founded just after the end of World War II in 1946 by Clarence J. Dauphinot, Jr. and two associates, Earl Elrick and Angus Littlejohn (the first initial of each last name forms the DEL in Deltec). Along with a group of prominent financiers and families, Deltec became one of the first global, multi-family offices in the world as an invitation-only "Investors' Club" designed to make direct private investments initially in Latin America then around the globe. In 1959, it created a private banking subsidiary, Deltec Bank & Trust, which is now one of the oldest private banks in the Bahamas. Today, the Deltec group of companies has grown to include Deltec Capital (Hong Kong), Deltec Wealth Management (Palm Beach), Deltec Investments (London), and Deltec Investment Advisers (Bahamas). Deltec remains independently owned by a core group of clients and employees.
