Commonfund, an institutional investment manager for endowments and foundations, pension funds and other investors, has appointed David Belmont as chief risk officer of Commonfund Group. He also will serve as a member of the Commonfund investment policy and asset allocation committee, and will have risk management oversight of all Commonfund investment programs.

Belmont will report directly to President and CEO, Verne Sedlacek, and to the audit and risk management committee of the Commonfund board of trustees.

Belmont has over 17 years of institutional risk management experience. Before joining Commonfund, Belmont was global head of hedge fund credit for UBS Investment Bank, where he led a global team of 45 risk managers and analysts responsible for the risk management of hedge fund and managed fund exposures in the Investment Bank globally. In addition, he was managing director of risk management for UBS Prime Services, where he led a team of 8 risk managers responsible for the market, credit and operational risk management of the Prime Brokerage in the Americas. 

Prior to UBS, Belmont spent more than 6 years in Singapore with Temasek Holdings, Singapore's $100 billion sovereign wealth fund, most recently as its chief risk officer from 2004-2007. At Temasek, he evaluated risks of potential and ongoing investments, designed and implemented firm wide risk management and risk capital allocation systems, implemented stress testing protocols, portfolio modeling and capital budgeting. 

In addition, he was a director with Anderson and founded their Asia Financial and Commodity Risk Consulting practice in Singapore, managing a team of 17 professionals across Asia.  He was also a regional risk manager with Black River Asset Management, a multi-strategy hedge fund, and was a sovereign risk underwriter with Citicorp.