Pav Sethi is the founder and chief investment officer of Gladius Capital Management, an asset-management firm focusing on derivative strategies and products for institutional clients. Prior to founding Gladius, Pav was a managing director at Citadel serving as the global head of the volatility arbitrage group. He was previously a portfolio manager in the volatility arbitrage strategy at J.D. Capital Management and began his career at Morgan Stanley in Europe as an equity derivatives trader.
Pav has pioneered a number of novel derivative structures and engaged in multiple landmark transactions. His focus most recently has been on structuring large scale derivatives programs as tools for portfolio allocation and optimization for some of the largest pension and endowment plans in the United States.
Previously, Pav engaged in some of the earliest risk syndication programs during the early 2002 period and completed some of the first complex volatility-based transactions between hedge funds and investment banks.
Pav holds a bachelor’s in chemistry from Cornell University and a master’s in mathematics from the University of Chicago. He is a fellow of the 2017 class of the Aspen Finance Leaders Fellowship and a member of the Aspen Global Leadership Network.
