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Delfos Machado Neto, CIO, has more than 25 years of trading experience in financial markets. He has spent most of his career focused on Arbitrage trading across derivatives and D1 strategies, most recently at HSBC USA, where he spent 6 years as Head of Equity Trading for the Americas. Prior to HSBC, he worked at 2 different equity-focused hedge funds in Singapore and New York. Over the past two decades, he has also served as the Head of Equity and Derivatives Trading at several of the largest Brazilian banks, having held this position at Banco Itaú BBA, Banco Santander Brasil, and Santander Investment. He began his career on the Proprietary Equity desk at Banco Santander de Negócios in Brazil in 1992 while finishing his BA in business at the São Paulo-based EAESP-FGV school.