Ram Kelkar
principal and managing director, Milliman Financial Risk Management LLC

Ram Kelkar is a principal and managing director, and heads up the Capital Markets and Trading Group for Milliman’s Financial Risk Management Practice (FRM). He manages the trading teams in Sydney, London, Amsterdam
and Chicago that trade cash securities and derivatives, including both exchange-traded and OTC derivatives, in equity, fixed income, FX, credit and other markets, on behalf of investment advisory clients, including insurance companies, funds and other financial institutions.
Ram has 30+ years of experience in the capital markets, having previously worked for Citigroup, Merrill Lynch, and Allstate. He was responsible for ALM and derivatives strategy at Allstate Insurance in Northbrook, Illinois and a managing director in the capital markets and derivatives group at Merrill Lynch in New York. He started his career in the capital markets at Citigroup, where he was a managing director in the structured finance and derivatives areas in New York and London.