Welton Investment has hired Guillaume Detrait as managing director, chief risk officer.
He is based in the firm's headquarters in Carmel, California and reports to chief executive Patrick Welton.
Detrait (pictured) will oversee Welton's enterprise risk management function.
'We've always appreciated the enterprise-wide need for risk management. Investment risk often garners much of the focus, but investment risk is really just a fraction of the firm's total exposure. Formalizing the chief risk officer role in Guillaume is a logical progression in our growth to help unify the management and oversight of this critical area of our business,' says Welton.
'I look forward to working with a firm whose philosophy and culture is instilled with an appreciation for managing risk,' says Detrait.
Detrait's hiring comes on the heels of Justin Dew joining in February as senior managing director in charge of establishing the firm's New York office.
Detrait was formerly vice president of strategy and analytics at HSBC in California working in their strategic partnerships group. Prior to HSBC, he served as a senior business manager with Capital One in Virginia and as an audit manager with KPMG in both France and California.