Our Team

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Dr. Carlos Asilis

Chief Investment Officer

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Carlos Asilis is Co-founder & CIO of Glovista Investments. Prior to Glovista, Carlos managed global macro strategies focusing on global equities, fixed income, currencies and commodities at Proxima Alfa Investments (USA) LLC (2003 to 2007).

Between 1999 and 2003, Carlos worked at JP Morgan Chase, initially as the firm’s first Chief Global Emerging Markets Strategist and subsequently as Chief US and Chief Investment Strategist. Carlos’ contributions at JP Morgan Chase and other investment banks have been recognized in multiple institutional investor polls, including Institutional Investors Survey, Reuters Survey, Greenwich Polls and Latin Finance Awards. Carlos has also served as Director of Proprietary Trading Strategy in the Emerging Markets Fixed Income division at Credit Suisse First Boston and Union Bank of Switzerland. At Merrill Lynch, Carlos served as Chief Global Emerging Markets Currency Strategist, and Senior Latin America Equity Strategist.

Prior to 1994, Carlos was a Research Economist at the IMF where he was the lead Economist responsible for overseeing the economic surveillance of the Fund’s assistance programs to China and the Russian Federation. At the IMF, Carlos also authored an innovative technical report analyzing the US public debt, “The U.S. Public Debt: Implications for Growth”, Working Paper 4, January 1994, International Monetary Fund, Washington DC .

Prior to joining the IMF in 1992, Carlos served as Economics professor at Georgetown University, Lecturer at the University of Chicago and Visiting Professor at the Stockholm School of Economics. Carlos’ academic contributions in scholarly journals include work in the fields of Global Finance, Open Economy Macroeconomics, Pure Economic Theory, Labor Economics, Game Theory and Global Trade.

Carlos received a Ph.D. in Economics from the University of Chicago in 1988 and holds an honors BSE Degree in Finance and Economics from the Wharton School, University of Pennsylvania.

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Darshan Bhatt

Deputy Chief Investment Officer

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Darshan Bhatt is Co-founder and Deputy CIO of Glovista Investments. Prior to Glovista, Darshan co-managed global macro strategies focusing on global equities, fixed income, currencies and commodities at Proxima Alfa Investments (USA) LLC (2003 to 2007). He worked at the firm’s Madrid (Spain) and New York office locations.

Prior to 2003, Darshan worked in JP Morgan’s US Equity Strategy and Institutional Investor-ranked Global Emerging Markets Equity Strategy team in New York. Darshan also worked in JP Morgan’s Mergers and Acquisitions group, where he worked on transactions in the IT services, semiconductor equipment, pharmaceutical and energy sectors. Darshan has also worked at SBK Brooks Investment Corp where he was involved in structuring and origination of municipal bonds. Prior to coming to the USA, Darshan worked as a tax consultant in two accounting firms in India specializing in income tax consulting.

Darshan holds a Bachelor Degree in Accounting from Bombay University and a Masters in Business Administration from Case Western Reserve University majoring in Finance and Strategy. He is also a Chartered Accountant (placed 33rd in the National Exam administered by the Institute of Charted Accountants of India), a US Certified Public Accountant (CPA), a Chartered Financial Analyst (CFA) and a Chartered Market Technician (CMT).

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Ignacio Gil

Strategic Advisor

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Ignacio Gil is a strategic advisor at Glovista. A seasoned investment professional and an active investor, he advises a number of HNW individuals and families and is an advocate of conscious capital practices in the asset management industry.

He started an international career in banking with BBVA in New York in 1994 in the syndicated corporate loans sector and transitioned into private wealth management with Santander Group in 1997 in Miami, FL. Ignacio brings 15 years of wealth management and advisory experience acquired at Santander Group, MORABANC and PRS Group Latam, a Miami-based Multi-Family Office he co-founded and led from 1999-2009. He also co-founded Dapsilia Consulting, a Spanish real estate private equity and advisory firm, and Inversora Santa Fe, sponsor of a $200 million greenfield investment in Montego Bay, Jamaica comprising 2 luxury hotels. Ignacio serves on the Board of the Consciousness Development Foundation since 2014 and regularly lectures on Conscious Capitalism and Money and Spirituality.

Ignacio earned an MBA from the University of Miami (Florida) and holds a law degree from Universidad Autonoma de Madrid. He is a Certified Leadership and Professional Development Coach by the Tavistock Institute in London.

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Mary Bourque

Energy, Materials & Industrials Sector Research

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Mary Bourque leads the Energy, Materials and Industrials sector research at Glovista. Prior to joining Glovista, Mary served as Chief Operating Officer and Chief Financial Officer at Worldfund, a US-based charity dedicated to operating educational training programs in Latin America. Prior to that, Mary spent over 15 years at JP Morgan, most recently (from 2003-2005) as Managing Director of Americas Equity Research where she co-managed the 300-person research department. As Director of Latin America Equity Research, from 2000-2002, Mary worked with Glovista’s co-founders, Carlos Asilis and Darshan Bhatt. From 1994-2002, she was a Senior Equity Analyst covering the Latin American Conglomerates and Oil & Gas sectors, and was ranked by Institutional Investor in both sectors, including eight consecutive years in conglomerates (5 years as #1), and five years in the Oil & Gas Sector. Mary began her career in 1990 as an Associate in Latin America Mergers and Acquisitions, based in New York and Buenos Aires. Mary holds an MA in International Economics and International Relations from the Johns Hopkins University School of Advanced International Studies (SAIS) and a BA in Chemistry from Dartmouth College.

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Dennis Tracey

Head of Marketing & Client Services

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Dennis Tracey has over 25 years of experience in the investment marketplace working with a variety of investors and institutional funds during this period. Dennis most recently was a partner and Managing Director at Parenteau Associates, responsible for institutional marketing and client service. Prior to that, Dennis was the Director of Marketing and Client Services for Simms Capital Management. He began his career with Aetna and eventually moved to a senior level position with Aeltus Investment Management working with large institutional funds in a business development and client service capacity. He received his MBA from The University of Hartford and a BA in Economics from Eastern Connecticut University.

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Thomas Morgan

Chief Compliance Officer & General Counsel

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Thomas Morgan is the Chief Compliance Officer and General Counsel of Glovista. Tom has over 25 years of experience in the financial and technology industries and has been a practicing attorney since 1984. He has been actively engaged in the regulatory compliance industry since 2006. Prior to joining Glovista, Tom was Senior Managing Director of Tangent Capital, a New York-based alternative investment and advisory firm and General Counsel and Chief Compliance Officer for Tremont Realty Capital, a Boston-based commercial real estate investment and advisory firm. Tom is a member of the Massachusetts Bar and holds a B.A. in Economics from Harvard University and a JD Degree from Boston College School of Law.

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Enrique Figueroa

Consumer Sector Research & Wealth Management

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Enrique Figueroa leads the Consumer Sector research effort in addition to managing family client portfolios. Previously, Enrique served as an International Wealth Advisor at Merrill Lynch-Bank of America and Chief Investment Officer at Sand Hill Advisors, overseeing over $1 billion in assets. Before relocating to the San Francisco area, Enrique was a First Vice President in Merrill Lynch’s Equity Research group, a Vice President at Oppenheimer, and a Vice President at HSBC James Capel, all in New York City. Enrique was ranked top Latin America Food and Beverage Analyst by Greenwich Associates and runner up by Institutional Investor magazine. Enrique began his career as an Associate for McKinsey & Company management consulting firm and as the Manager of Financial Planning for a PepsiCo subsidiary in Mexico. Enrique has earned the Chartered Financial Analyst (CFA) and Certified Financial Planner (CFP) designations. He also holds an MBA from Thunderbird School of Global Management and a CPA-equivalency in Mexico from the Instituto Tecnólogico Autónomo de Mexico (ITAM).

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Jean-Charles Lemardeley

TMT Sector Analyst

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Jean-Charles Lemardeley leads the Telecom, Media and Technology sector research effort at Glovista. Prior to Glovista, Jean- Charles spent 14 years in the Global Equity Research department of JP Morgan in New York and London. Jean-Charles was the Senior Analyst in the Emerging Markets Telecom, Media and Technology sector, focusing on the Latin American and EMEA region. Jean-Charles covered a universe of stocks in Mexico, Brazil, Venezuela, Peru, Chile, Argentina, Russia, Turkey, Poland, the Czech Republic, Hungary, Croatia, South Africa, Egypt, Morocco, Kenya, Nigeria and the Persian Gulf. Jean- Charles’ work has been recognized by Institutional Investor, Extel and Greenwich Associates surveys. Prior to joining JP Morgan, he spent 3 years at Societe Generale in New York. Jean-Charles graduated from l’Ecole des Hautes Etudes Commerciales HEC, Paris, France. Jean-Charles is a Chartered Financial Analyst.

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Victoria Carrion

Client Relationship Manager & Corporate Citizenship Manager

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Victoria brings over 15 years of experience in the asset management industry serving individual and institutional investors across borders.

Victoria started a career in private wealth management in 1997 at Santander Group in Miami, FL and subsequently held client relationship management roles at Deutsche Bank, Credit Suisse and Guggenheim Partners Latin America, a subsidiary of Alvarium Investments, a $15 billion global multi-family office. From 2007 – 2009, she joined PRS Group Latam and a consortium of international investors and supported the development of a $200 million luxury hotel resort in Montego Bay, Jamaica. Prior to joining Glovista, Victoria worked in member relations and industry partnerships at EMPEA, the Emerging Markets Private Equity Association, where she actively engaged with member firms participating in building the field for ESG and impact investing.

Victoria earned an MBA from IESE Business School (Barcelona) and holds a BBA in International Finance & Marketing from the University of Miami (Florida).

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Alberto Pagán-Matos

Client Portfolio Manager

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Alberto Pagán-Matos joined the portfolio management team of Glovista with more than 24 years of industry experience. Prior to Glovista, Alberto was the Chief Investment Officer and Head of the Investment Strategy Committee at Consultiva Internacional where he was in charge of implementation of investment strategies among the institutional clients comprising $2.3 billion in assets. Alberto began his career on Wall Street as an equity analyst for Nomura Research in the Global Infrastructure Team. He then became the Head of HSBC Institutional Sales & Trading, advising investment firms and pension funds on their Emerging Markets equity & debt holdings. He spent 15 years based in New York working at various international financial firms, including Morgan Stanley. Most recently, he was the Director for Morgan Stanley’s Global Wealth Management in Miami overseeing over $5 billion in client assets among 40 Financial Advisors. Alberto earned his MBA Degree from the University of California at Berkeley in 1992, and a BA in Finance and Economics from the University of Massachusetts, Amherst in 1987. He is a Chartered Financial Analyst.

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Christopher Caruso

Wealth Management

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Christopher Caruso has over 20 years of investment experience, encompassing comprehensive wealth management services, portfolio management, equity analysis, and financial analysis. Prior to joining Glovista, Chris was a Portfolio Manager at Citi Private Bank, overseeing $2 billion in assets. Chris was previously the Market Investment Director and Senior Portfolio Manager at U.S. Trust, Bank of America Private Wealth Management, overseeing $1.2 billion in assets for some of the firm’s most complex high net worth, foundation, and non-profit clients. Prior to joining U.S. Trust, Chris was the Director of Research and Senior Portfolio Manager at Sand Hill Advisors. Chris received a Bachelor Degree in Economics from California State University at San Diego, and holds an MBA from The Paul Merage School of Business at the University of California, Irvine.

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Harsh Saxena

Investment Associate

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Harsh Saxena is an Associate at Glovista Investments LLC. At Glovista, Harsh supports the team in trading, daily reconciliation of clients accounts, economic research and analysis, financial modeling, and managing several investment manager databases. Apart from these responsibilities, Harsh also helps in monthly client reporting and addressing client requests. Harsh has obtained an MBA in Finance and Investments from Pace University, NY prior to joining Glovista Investments in 2010. During his MBA, Harsh had the opportunity to intern with some of the world’s largest financial services organizations including Morgan Stanley & Citigroup. While at Pace University, Harsh was also a recipient of a Graduate Leadership award and Best Internship Experience Award. Apart from an MBA, Harsh also holds a Bachelor of Engineering Degree in Electronics and Telecommunications from University of Mumbai in India.