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    Private credit and the asset allocation challenge

    Private credit and the asset allocation challenge

    bfinance Platform: real assets, UK open-ended property funds in five charts

    bfinance Platform: real assets, UK open-ended property funds in five charts

    Manager Intelligence and Market Trends - August 2026

    Manager Intelligence and Market Trends - August 2026

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MEET OUR CORPORATE TEAM

A supportive, dynamic workplace

Senior Management


David Vafai

David Vafai, MBA, CFA, CAIA

Chief Executive Officer

David Vafai is founder and CEO of bfinance International Limited. He is responsible for the growth and development of the company and its constituent businesses. Prior to founding bfinance in 1999, David worked at Mercer in Toronto, Goldman Sachs International in London and Bertelsmann in Paris.

Read more
Odi Lahav

Odi Lahav

Chief Operating Officer

Odi Lahav is the COO of bfinance. He is responsible for overseeing Investments, Digital Solutions and our corporate functions. Odi has extensive experience across asset management and has worked with institutional investors for over 25 years, advising on investment strategy and implementation.

Read more
Raj Nagevadia

Raj Nagevadia

Chief Financial Officer

Raj heads bfinance’s finance function and is a member of the firm’s Senior Management Team. Before joining the firm in June 2018, he had more than thirteen years’ experience as a Chief Financial Officer and nearly thirty years’ career experience overall.

Read more

INFORMATION SYSTEMS


Benjamin Legrand

Benjamin Legrand

Senior Director, Head of Information Systems

Benjamin joined bfinance in 2005 and, as Director, Head of Information Systems, is in charge of bfinance’s IS infrastructure and development initiatives. Prior to joining bfinance, Benjamin spent 8 years as a consultant in Information Systems at PwC and at an IT service company he co-founded.

Read more

INVESTMENT CONTENT & MARKETING


Mark Mortlock

Mark Mortlock, PG Dip DigM

Marketing Director

Mark Mortlock is Marketing Director at bfinance. Mark is responsible for all aspects of marketing across the bfinance brand, both online and offline. He has extensive experience in website development, brand management, search engine marketing, social media and automation marketing.

Read more
David Vafai

David Vafai

Chief Executive Officer

David Vafai is founder and CEO of bfinance International Limited. He is responsible for the growth and development of the company and its constituent businesses. Prior to founding bfinance in 1999, David worked at Mercer in Toronto, Goldman Sachs International in London and Bertelsmann in Paris. David holds an HBSc in Actuarial Science from the University of Western Ontario, an MBA from INSEAD, and is a CFA and CAIA Charterholder.


More insights from the team:

Private credit and the asset allocation challenge

Private credit and the asset allocation challenge

Increasingly, asset allocation models are treating Private Credit as a strategic asset class with its own clearly defined profile, rather than an implementation solution within a fixed income or...

bfinance Platform: real assets, UK open-ended property funds in five charts

bfinance Platform: real assets, UK open-ended property funds in five charts

M&A activity, such as the recent news of the combination of the Columbia Threadneedle and PATRIZIA UK property funds fits a neat narrative.

Manager Intelligence and Market Trends - August 2026

Manager Intelligence and Market Trends - August 2026

bfinance's quarterly report for August 2026: read the team's latest insights on institutional investor activity, risk appetite, market developments and asset manager performance across all major...

Investor Spotlight: PGB - can impact investing become the default setting for private markets portfolios?

Investor Spotlight: PGB - can impact investing become the default setting for private markets portfolios?

While many asset owners continue to debate the role of impact investing, Pensioenfonds PGB has already made its choice. The Dutch pension fund has decided that new private markets investments should...

Investor Spotlight: KWAP - navigating technological shifts in quant equities

Investor Spotlight: KWAP - navigating technological shifts in quant equities

Kumpulan Wang Persaraan (Diperbadankan) (KWAP) is Malaysia’s public sector pension fund and a key government-linked investment institution. Over the past decade it has built a quantitative...

Semi-liquid funds: managing the structural liquidity mismatch

Semi-liquid funds: managing the structural liquidity mismatch

Redemptions from US semi-liquid private credit funds continue to dominate the headlines. Often presented in absolute terms – 'billions redeemed' – without adequate context, much of the nuance around...

Investment Management Fees: Pricing pressure in the turbulent twenties

Investment Management Fees: Pricing pressure in the turbulent twenties

The latest instalment in the bfinance Fee and Cost Insight series highlights recent price pressures in both private and public markets as the turbulent twenties change the competitive landscape.

Why don’t MAC strategies typically include emerging market debt?

Why don’t MAC strategies typically include emerging market debt?

Emerging market debt offers yields that are hard to ignore. Yet across 47 MAC strategies reviewed by bfinance, a half allocated less than 10% to it and a third less than 1%. This piece sets out...

Raj Nagevadia

Raj Nagevadia

Chief Financial Officer

Raj heads bfinance’s finance function and is a member of the firm’s Senior Management Team. Before joining the firm in June 2018, he had more than thirteen years’ experience as a Chief Financial Officer and nearly thirty years’ career experience overall. Raj has worked in multiple sectors including technological services, retail, audit and energy, with a particularly strong track record in fast-growing organisations. He was most recently CFO of SecureData Europe, a cyber security services firm.


More insights from the team:

Private credit and the asset allocation challenge

Private credit and the asset allocation challenge

Increasingly, asset allocation models are treating Private Credit as a strategic asset class with its own clearly defined profile, rather than an implementation solution within a fixed income or...

bfinance Platform: real assets, UK open-ended property funds in five charts

bfinance Platform: real assets, UK open-ended property funds in five charts

M&A activity, such as the recent news of the combination of the Columbia Threadneedle and PATRIZIA UK property funds fits a neat narrative.

Manager Intelligence and Market Trends - August 2026

Manager Intelligence and Market Trends - August 2026

bfinance's quarterly report for August 2026: read the team's latest insights on institutional investor activity, risk appetite, market developments and asset manager performance across all major...

Investor Spotlight: PGB - can impact investing become the default setting for private markets portfolios?

Investor Spotlight: PGB - can impact investing become the default setting for private markets portfolios?

While many asset owners continue to debate the role of impact investing, Pensioenfonds PGB has already made its choice. The Dutch pension fund has decided that new private markets investments should...

Investor Spotlight: KWAP - navigating technological shifts in quant equities

Investor Spotlight: KWAP - navigating technological shifts in quant equities

Kumpulan Wang Persaraan (Diperbadankan) (KWAP) is Malaysia’s public sector pension fund and a key government-linked investment institution. Over the past decade it has built a quantitative...

Semi-liquid funds: managing the structural liquidity mismatch

Semi-liquid funds: managing the structural liquidity mismatch

Redemptions from US semi-liquid private credit funds continue to dominate the headlines. Often presented in absolute terms – 'billions redeemed' – without adequate context, much of the nuance around...

Investment Management Fees: Pricing pressure in the turbulent twenties

Investment Management Fees: Pricing pressure in the turbulent twenties

The latest instalment in the bfinance Fee and Cost Insight series highlights recent price pressures in both private and public markets as the turbulent twenties change the competitive landscape.

Why don’t MAC strategies typically include emerging market debt?

Why don’t MAC strategies typically include emerging market debt?

Emerging market debt offers yields that are hard to ignore. Yet across 47 MAC strategies reviewed by bfinance, a half allocated less than 10% to it and a third less than 1%. This piece sets out...

Benjamin Legrand

Benjamin Legrand

Senior Director, Head of Information Systems

Benjamin joined bfinance in 2005 and, as Director, Head of Information Systems, is in charge of bfinance’s IS infrastructure and development initiatives. Prior to joining bfinance, Benjamin spent 8 years as a consultant in Information Systems at PwC and at an IT service company he co-founded. As a consultant, Benjamin was involved in large IT projects for BNP Paribas, Société Générale and Archon Group (subsidiary of Goldman Sachs). He holds a Master’s Degree in Engineering from a french Grande Ecole.


More insights from the team:

Private credit and the asset allocation challenge

Private credit and the asset allocation challenge

Increasingly, asset allocation models are treating Private Credit as a strategic asset class with its own clearly defined profile, rather than an implementation solution within a fixed income or...

bfinance Platform: real assets, UK open-ended property funds in five charts

bfinance Platform: real assets, UK open-ended property funds in five charts

M&A activity, such as the recent news of the combination of the Columbia Threadneedle and PATRIZIA UK property funds fits a neat narrative.

Manager Intelligence and Market Trends - August 2026

Manager Intelligence and Market Trends - August 2026

bfinance's quarterly report for August 2026: read the team's latest insights on institutional investor activity, risk appetite, market developments and asset manager performance across all major...

Investor Spotlight: PGB - can impact investing become the default setting for private markets portfolios?

Investor Spotlight: PGB - can impact investing become the default setting for private markets portfolios?

While many asset owners continue to debate the role of impact investing, Pensioenfonds PGB has already made its choice. The Dutch pension fund has decided that new private markets investments should...

Investor Spotlight: KWAP - navigating technological shifts in quant equities

Investor Spotlight: KWAP - navigating technological shifts in quant equities

Kumpulan Wang Persaraan (Diperbadankan) (KWAP) is Malaysia’s public sector pension fund and a key government-linked investment institution. Over the past decade it has built a quantitative...

Semi-liquid funds: managing the structural liquidity mismatch

Semi-liquid funds: managing the structural liquidity mismatch

Redemptions from US semi-liquid private credit funds continue to dominate the headlines. Often presented in absolute terms – 'billions redeemed' – without adequate context, much of the nuance around...

Investment Management Fees: Pricing pressure in the turbulent twenties

Investment Management Fees: Pricing pressure in the turbulent twenties

The latest instalment in the bfinance Fee and Cost Insight series highlights recent price pressures in both private and public markets as the turbulent twenties change the competitive landscape.

Why don’t MAC strategies typically include emerging market debt?

Why don’t MAC strategies typically include emerging market debt?

Emerging market debt offers yields that are hard to ignore. Yet across 47 MAC strategies reviewed by bfinance, a half allocated less than 10% to it and a third less than 1%. This piece sets out...

Mark Mortlock

Mark Mortlock, PG Dip DigM

Marketing Director

Mark Mortlock is Marketing Director at bfinance. Mark is responsible for all aspects of marketing across the bfinance brand, both online and offline. He has extensive experience in website development, brand management, search engine marketing, social media and automation marketing. Mark joined bfinance in 2017. Mark holds a BA (Hons) in Marketing and Communications, a Post Graduate Diploma in Digital Marketing (PG Dip DigM) from the Institute of Direct and Digital Marketing (IDM) and a Google Squared qualification in digital leadership.


More insights from the team:

Private credit and the asset allocation challenge

Private credit and the asset allocation challenge

Increasingly, asset allocation models are treating Private Credit as a strategic asset class with its own clearly defined profile, rather than an implementation solution within a fixed income or...

bfinance Platform: real assets, UK open-ended property funds in five charts

bfinance Platform: real assets, UK open-ended property funds in five charts

M&A activity, such as the recent news of the combination of the Columbia Threadneedle and PATRIZIA UK property funds fits a neat narrative.

Manager Intelligence and Market Trends - August 2026

Manager Intelligence and Market Trends - August 2026

bfinance's quarterly report for August 2026: read the team's latest insights on institutional investor activity, risk appetite, market developments and asset manager performance across all major...

Investor Spotlight: PGB - can impact investing become the default setting for private markets portfolios?

Investor Spotlight: PGB - can impact investing become the default setting for private markets portfolios?

While many asset owners continue to debate the role of impact investing, Pensioenfonds PGB has already made its choice. The Dutch pension fund has decided that new private markets investments should...

Investor Spotlight: KWAP - navigating technological shifts in quant equities

Investor Spotlight: KWAP - navigating technological shifts in quant equities

Kumpulan Wang Persaraan (Diperbadankan) (KWAP) is Malaysia’s public sector pension fund and a key government-linked investment institution. Over the past decade it has built a quantitative...

Semi-liquid funds: managing the structural liquidity mismatch

Semi-liquid funds: managing the structural liquidity mismatch

Redemptions from US semi-liquid private credit funds continue to dominate the headlines. Often presented in absolute terms – 'billions redeemed' – without adequate context, much of the nuance around...

Investment Management Fees: Pricing pressure in the turbulent twenties

Investment Management Fees: Pricing pressure in the turbulent twenties

The latest instalment in the bfinance Fee and Cost Insight series highlights recent price pressures in both private and public markets as the turbulent twenties change the competitive landscape.

Why don’t MAC strategies typically include emerging market debt?

Why don’t MAC strategies typically include emerging market debt?

Emerging market debt offers yields that are hard to ignore. Yet across 47 MAC strategies reviewed by bfinance, a half allocated less than 10% to it and a third less than 1%. This piece sets out...

More Articles …

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