Years at Capital: 29

Years in profession: 37

Based in San Francisco

Hilda L. Applbaum is a portfolio manager at Capitals Express Investments. Earlier in her career, as an equity investment analyst at Capital, Hilda covered global convertible securities. Before joining Capital, she was a principal investment officer and director of research for the California Public Employees Retirement System, and a research analyst and economist at Federal Farm Credit Banks Funding Corp. in New York. Hilda holds a master's degree in economics from New York University and a bachelor's degree in economics from Barnard College of Columbia University graduating magna cum laude. She also holds the Chartered Financial Analyst® designation.

Years at Capital: 20

Years in profession: 30

Based in London

Philip Chitty is a fixed income portfolio manager at Capitals Express Investments. As a fixed income investment analyst, he covers Western Europe and the U.K. He also serves on the Global Solutions Committee. Earlier in his career at Capital, Philip had macroeconomic responsibility for Europe and Japan. Prior to joining Capital, Philip was a senior European economist with ABN AMRO. Before that, he was an economist with HM Treasury. He holds a master’s degree in economics from Birkbeck College, University of London.

Years at Capital: 15

Years in profession: 24

Based in London

Patricio Ciarfaglia is a portfolio manager at Capitals Express Investments. As an equity investment analyst he covers global insurers, excluding North America. Earlier in his career at Capital, he covered European hotels. Prior to joining Capital, he worked at Merrill Lynch in Argentina. He holds an MBA from Harvard Business School and a bachelor’s degree with honours in accounting from the Universidad Católica Argentina. He also holds the Chartered Financial Analyst® designation.

Years at Capital: 30

Years in profession: 35

Based in Geneva

Luis Freitas de Oliveira is a portfolio manager at Capitals Express Investments. He is chair of Capital International Sàrl. Earlier in his career, as an equity investment analyst at Capital, Luis covered financial institutions in emerging markets. Before joining Capital, he was a corporate banker for Citibank N.A. in Brazil. He holds a master's degree in business administration from INSEAD, France, and a bachelor's degree in economics from the Federal University of Minas Gerais, Brazil.

Years at Capital: 11

Years in profession: 31

Based in New York

Samir Mathur is a solutions portfolio manager at Capitals Express Investments. His focus is on fund-of-funds and multi-asset solutions. Samir serves on the Global Solutions Committee, Portfolio Solutions Committee and Target Date Solutions Committee. During his tenure at Capital, Samir has led the development of fund-of-funds solutions and several model portfolios, including tax-aware portfolio models, portfolio sleeves and model portfolios for our insurance series of funds. Prior to joining Capital, Samir was a managing director for the multi-asset trading and solutions group at Citigroup. Before that, he worked at Hewlett-Packard. He holds an MBA from University of California, Berkeley, a master’s degree in computer science from University of Southern California and a bachelor’s of technology degree from the Indian Institute of Technology, Delhi.

Years at Capital: 12

Years in profession: 27

Based in Los Angeles

Raj Paramaguru is a research director at Capitals Express Investments. Raj serves on the Custom Solutions Committee. Prior to his time in the investment industry, Raj spent eight years building computer simulation models that were used by leading aerospace companies and NASA for analyzing aerodynamic surfaces. At Capital, Raj has been involved in the development of several fund-of-funds solutions and has led research on our target date retirement series and retirement income portfolio series and risk analysis on our equity funds. Prior to joining Capital, Raj founded and managed a quantitative hedge fund in New York, and before that he was at Barclays Capital managing quantitative strategies for institutional clients. Prior to Barclays, Raj held several positions including derivatives trading at Lehman Brothers. He holds an MBA with honors from the University of Chicago’s Booth School of Business, a master’s degree in industrial engineering from the University of Cincinnati and a bachelor’s degree in mechanical engineering from Anna University, India. He also holds the Chartered Financial Analyst® designation.

Years at Capital: 25

Years in profession: 30

Based in Los Angeles

Wesley K. Phoa is a solutions portfolio manager at Capitals Express Investments. His focus is on fund-of-funds and multi-asset solutions. Wesley serves on the Global Solutions Committee, Portfolio Solutions Committee and Target Date Solutions Committee. Earlier in his career at Capital, Wesley served as a fixed income portfolio manager with a focus on rates-driven and long duration strategies. His areas of research responsibility included interest rates, monetary policy and financial economics. He has also been involved in the development of several fund-of-funds strategies and custom solutions for institutional clients. Prior to joining Capital, he was director of research with Capital Management Sciences and a quantitative analyst with Deutsche Bank in Australia. He holds a PhD in pure mathematics from Trinity College at the University of Cambridge and a bachelor’s degree with honours from the Australian National University. He is an elected member of the Conference of Business Economists and the International Conference of Commercial Bank Economists. He sits on the editorial board of The Journal of Portfolio Management.

Years at Capital: 34

Years in profession: 36

Based in Hong Kong

Steven T. Watson is an equity portfolio manager at Capitals Express Investments. Earlier in his career, as an equity investment analyst at Capital, he covered Asian property and transportation, as well as European transportation and utilities companies. Before joining Capital, Steve was a buy-side research analyst for Sanford C. Bernstein & Co. in New York. He holds an MBA in finance from New York University Graduate School of Business Administration, a master's degree in French studies from New York University Institute of French Studies and a bachelor's degree in French from the University of Massachusetts graduating cum laude. He also studied Mandarin Chinese at Wuhan University and the Shanghai Foreign Language Institute in China.