Dan Saldanha

Dan Saldanha leads Värde’s Fund Analytics and Risk Management team and oversees macro research and strategy support for the firm’s investing teams. He is responsible for supporting portfolio management and driving risk management decisions and capital efficiency across the Värde fund complex. This includes fund-level financing, capital optimization, investment allocations, and portfolio and market risk hedging. Based in Singapore since 2018, he joined the firm in London in 2015.

Prior to joining Värde, Dan worked in market risk at The Swiss Re Group, and in credit and market risk at RBS Group.

Dan received a MEng in Chemical Engineering from University of Cambridge.

Richard Thomson

Richard Thomson is a Managing Director on the U.S. Corporate & Traded Credit team. Based in Minneapolis, he joined the firm in 2016.

Prior to joining Värde, Richard was an Associate at Apollo Global Management in the private equity group, and prior to that, was an Analyst at J.P. Morgan in the M&A investment banking group.

Richard graduated from Cornell University with a B.S. in Applied Economics and Management and a focus in Finance.

Kevin Tham

Kevin Tham is a Managing Director on the Asia Corporate & Traded Credit investment team. Based in Singapore, he joined the firm in 2017.

Prior to joining Värde, Kevin was a Managing Director at Bank of America Merrill Lynch, based in Singapore and Hong Kong, where he established their Asian distressed debt and par loan trading business in 2005. Prior to that, Kevin led the Asian syndicated loans business for ABN AMRO Bank N.V..

Kevin received a B.Sc. (Econs) in Accounting and Finance from the London School of Economics and Political Science.

Nick Winter

Nick Winter is a Managing Director and North American Head of Portfolio Operations focused on value creation in Värde private equity investments. Based in New York, he joined the firm in 2018.

Prior to Värde, Nick spent seven years at JPMorgan Chase in senior operations and technology transformation roles, most recently as a Managing Director and Global Head of Financial Reference Data Operations. Previously, he worked on bank turnarounds, and in private equity portfolio operations roles at Organic Growth Partners, Millennium Partners and Ameriquest Capital Group with a focus on financial services and real estate related businesses. Nick started his career with Mercer Management Consulting, ultimately as a Partner in the Financial Services practice and as Co-Leader of the North American Private Equity Group.

Nick received an M.A. in Electrical Engineering and Information Sciences from the University of Cambridge, England.

Rick Noel

Rick Noel is a Senior Advisor to Värde. Rick previously served as Partner (2006-2022) and Global Co-Head of Financial Services. Based in London, he joined the firm in 1999.

Rick established the firm’s Singapore office in 2008 after working in Minneapolis on U.S. illiquid investments. Rick is an experienced debt and equity investor in the financial services, real estate and transportation sectors.

Prior to joining Värde, Rick served as a Fixed Income Investment Officer at Advantus Capital Management and an Investment Manager at Cargill Financial. He also formerly worked in the Audit and Business Advisory Group at Arthur Andersen.

Rick graduated from the University of Northern Iowa with a B.A. in Accounting and received his M.B.A. from the University of Minnesota. He earned his Chartered Financial Analyst (CFA) designation and is a CPA (inactive).