Richard de Wet serves as Chief Investment Officer of Modern Capital. Prior to joining Modern Capital, he was the founder and Chief Investment Officer of Constansia, an opportunistic credit investment manager.

Previously, Mr. de Wet was a Senior Portfolio Manager and Credit Sector Head at Guggenheim Partners, where he managed more than $10 billion in assets across multiple strategies, including public mutual funds (open- and closed-end) and private funds focused on high-yield bonds and leveraged loans. The public mutual fund strategies he managed achieved the highest Morningstar ratings (five stars), and a private credit fund under his management was recognized by Creditflux as the Best U.S. High Yield Fund in 2017.

Before joining Guggenheim, Mr. de Wet was a founding member of PIMCO’s New York trading and portfolio management team, where he worked across fixed income sectors and as an equity analyst. Earlier in his career, he held investment banking positions at Lehman Brothers and Barclays Capital in New York during the 2008–2009 financial crisis, and prior to that, worked with TCW in Los Angeles. He began his career as a credit analyst.

Mr. de Wet holds a B.B.A. in Finance and International Business from The George Washington University and an M.B.A. in Finance and Economics from Columbia Business School.