Risk, Resilience, and Opportunity: The Future of Private Credit

Fabrice Fiol is a Managing Director at Blue Owl Capital and Head of Risk Management at Blue Owl Insurance Solutions. In his role, he leads the team in charge of investment risk for Insurance Solutions portfolios. Before joining Blue Owl, Fabrice was a Managing Director and Head of Risk Management at Kuvare Asset Management, the predecessor to Blue Owl Insurance Solutions. Prior to that, Fabrice was a Managing Director and Deputy Head of the Enterprise Risk Management department for Societe Generale Americas where he was also in charge of the US Enterprise Stress Testing across financial and non-financial risks. Previously, he was a Senior Vice President at Natixis within the Agency MBS desk. Preceding Natixis, Fabrice was a Vice President at Swiss Re on the interest derivatives trading desk. Fabrice is also a lecturer in the Columbia University SPS-ERM Program since 2021. He graduated with a master’s degree from ENSAE (National School of Statistics and Economics).

Nicholas Silitch began his career in 1980 as a summer intern at Bank of New York Mellon, while completing his economics degree at Colby College. After graduating, he joined the bank as a credit trainee in 1983 and spent 28 years there, serving in a variety of roles ranging from credit portfolio management and loan restructuring to investor relations, risk management and Basel compliance. He was eventually appointed chief risk officer of Bank of New York Mellon’s alternative investment services, broker dealer services and Pershing businesses.

He joined Prudential in 2010 as chief credit officer and head of investment risk management, overseeing the firm’s general account and other proprietary investment risks globally. In 2012, he was appointed chief risk officer, a position he held until his retirement at the end of 2022. In the latter role, he oversaw Prudential’s risk management infrastructure and risk profile across all business lines and risk types. Under his direction, the risk teams developed models, metrics and frameworks to ensure Prudential’s resilience over time and in a wide range of stress scenarios.

Luca is the Global Head of Private Market Valuations and L3 Solutions at S&P Global Market Intelligence. He has more than 30 years of financial and capital markets experience and has held senior leadership positions in financial and risk advisory (E&Y, KPMG, D&P), investment banking (DB, Nordea) and regulators (PRA). He also serves on the GARP FRM Advisory Committee.