David Dredge

Chief Investment Officer
Fortress Investment Group Singapore Pte Ltd

IBF Distinguished Fellow (2008)

Financial Markets

"In the complex, ever evolving, world of financial risk, there is no substitute for continued learning, and no better form of learning than that provided for the industry by the industry."

Biography

Mr David Dredge is Chief Investment Officer of the Fortress Convex Strategies Group, as well as the Chief Executive Officer of Fortress Investment Group Singapore Pte Ltd. Mr Dredge is also a member of the Fortress Liquid Markets Risk Management Committee. Prior to joining Fortress, he was Managing Director and Portfolio Manager at Artradis Fund Management in Singapore from 2009-2011 where he was responsible for the fixed income aspects of their volatility based portfolio.

Mr Dredge is a long time Asian Financial Market participant, having originally come to the region in 1987 with Bank of America. He spent the next four and a half years performing various trading roles in Singapore, Jakarta, Tokyo, Seoul and Hong Kong during a critical period of market development and deregulation. Over this time, he developed a vision around the unique and asymmetric nature of risk in markets that were impeded from efficient risk pricing, generally as a result of government involvement. It was this vision around risk that eventually led him to Bankers Trust Company, and the subsequent development of what would evolve into their Emerging Markets Trading and Sales business. Bankers Trust's EM business was based on this vision of complex interconnected risk, and became a leader in multi-asset (equity, credit, FX, rates) class risk management and a significant innovator of new products and markets. After the merger with Deutsche Bank in 1999, Mr Dredge took some time off, returning to Asia in 2005 to build an EM business for ABN Amro. Again, applying the principles of positively convex risk management across a portfolio of asymmetric interconnected risks, Mr Dredge helped put together a significantly successful business in Asia and across the other EM regions. Mr Dredge maintained his roles on behalf of RBS post their merger through 2008 then stepped out of the banking side of the business.

Mr Dredge graduated from University of Utah with a degree in Finance, and completed an MBA at the University of California, Berkeley. David continues to be involved in market development activities, sitting as a main committee member of the Singapore Foreign Exchange Markets Committee (SFEMC), having previously served roles as the Main Committee Vice Chairman and as the Chair of the Market Development Sub-Committee. Mr Dredge also serves as an Advisory Board member for the National University of Singapore's (NUS) Center for Asset Management Research and Investment (CAMRI).