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CONTACTO
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our TEAM

Quadriga Asset Managers is a reflection of the talent and commitment
of those who form part of it

Each of our professionals brings their experience and vision to deliver high-value services to our clients

Meet our leadership team, our financial advisors, and the portfolio managers and analysts responsible for managing our funds

Borja Torres

CEO

Borja has an extensive and distinguished career in the financial sector. Before joining our group, he led the Exotic Derivatives Desk (Credit and Equity) at Société Générale, where he played a key role in the management and development of complex financial instruments.

In 2009, he joined Auriga Capital Markets as Head of Capital Markets for Auriga Global Investors, one of the group’s subsidiaries alongside Quadriga Asset Managers SGIIC. In this role, he oversaw the credit brokerage area, covering all fixed income instruments, as well as the alternative investment desk, which included real estate assets, financing through debt or equity, and project finance. In addition, he continued to specialize in stressed debt, further strengthening his expertise in this field.

In 2019, he was appointed CEO of Auriga Global Investors and Quadriga Asset Managers SGIIC S.A., and currently oversees all business lines within the group, leading strategic initiatives and ensuring operational excellence across the organization.

Susan Richards

COO | CFO

Susan began her career at JP Morgan Chase, taking on a variety of roles across technology, operations, and reengineering projects. In 1998, she was appointed Chief Financial Officer (CFO) and Chief Operating Officer (COO) for the Madrid franchise. Between 2000 and 2005, she managed the integration of JPMorgan following its merger with Chase Manhattan. After the completion of the merger, she assumed regional roles across EMEA, leading cross-functional projects and overseeing the CFOs and COOs in Russia, Belgium, and Switzerland, as well as managing the finance operations hub in India.

In 2013, she left the company to establish a boutique firm dedicated to private banking for high-net-worth individuals (HNWI), called Sassola Partners EAFI, S.L.

Before joining the team as COO | CFO, Susan worked as COO at Bestinver in Madrid.

Patricia Alfonso

CRO

Over two decades of experience in the financial sector, with strong specialization in risk management and the valuation of complex financial instruments. Her career has enabled her to develop a deep understanding of market dynamics and regulatory frameworks across multiple jurisdictions.

Before joining Quadriga Asset Managers SGIIC S.A., Patricia served as Product and Risk Controller at Vega Funds, where she oversaw a portfolio with over $13 billion in AUM, covering all activities related to an Alternative Investment Fund Manager (AIFM). In this role, her expertise was key in measuring market risk, ensuring investment compliance, and managing portfolio liquidity. She was also responsible for the valuation of portfolios and complex products, as well as for overseeing external service providers to ensure adherence to the firm’s high standards. Her responsibilities extended across both the Madrid and New York offices, providing her with international exposure to diverse markets and regulatory environments.

Prior to her time at Vega Funds, Patricia worked in the fixed income desk at HSBC Madrid, where she gained essential knowledge of debt markets and client management.

Patricia holds the Financial Risk Manager (FRM) certification, obtained in 2021 from the Global Association of Risk Professionals (GARP), highlighting her advanced expertise in risk management. She also holds a Master’s degree in Finance and Business Management from CUNEF (Colegio Universitario de Estudios Financieros) and a Bachelor’s degree in Business Administration from the University of Málaga.

Asset Management - RHO & QAMECO

Rodrigo Hernando

founder and board member

Rodrigo is a Founding Partner of Auriga Capital Markets, the parent company of Quadriga Asset Managers SGIIC S.A. In his daily role, he leads the management of the firm’s flagship fund, RHO Investments.

With more than 30 years of successful experience in the sector, his career has established him as one of the most respected participants in Spain’s fixed income and credit markets. Before co-founding Auriga in 2007, Rodrigo served as Head of Fixed Income Operations at Caja Caminos and Head of Fixed Income Trading at Activos de Renta.

Rodrigo holds a degree in Business Administration and Economics from the University of Wolverhampton in the United Kingdom (1995).

José Mosquera

cio

José has over 28 years of experience in investing, proprietary trading, and market-making across various asset classes, both in cash and derivatives markets.

Before joining Quadriga Asset Managers SGIIC S.A. as CIO of RHO Investments in 2015, José served as Managing Director, leading pan-European credit trading teams at Barclays Capital, UBS, and HSBC.

José holds a Master’s degree in International Securities, Investment and Banking from Henley Business School in the United Kingdom (1997).

Jorge Peñalba

senior analyst

With over 10 years of professional experience in corporate finance, Jorge joined Quadriga Asset Managers SGIIC S.A. as Senior Analyst at RHO Investments. Prior to that, he worked in M&A at UBS’s London office before relocating to Madrid, where he served as Associate Director.

Jorge holds a degree in Business Administration and Management from CUNEF, and completed one year of his studies at the University of South Carolina.

Alberto Espelosín

analyst

With over 5 years of professional experience in equity markets, Alberto joined Quadriga Asset Managers SGIIC S.A. as an Analyst for RHO Investments. Prior to that, he was an Equity Research Associate at JB Capital Markets.

Alberto holds a degree in Economics from the University of Navarra, where he also completed a business program at IESE Business School.

Alejandro
Pérez de Tudela

analyst

With over 5 years of professional experience in corporate finance, Alejandro joined Quadriga Asset Managers SGIIC S.A. as an Analyst for RHO Investments. Prior to that, he was a Senior M&A Associate at Morgan Stanley.

He holds a Double Degree in Business Administration and Law from CUNEF, and completed one year of his studies at the University of California, Berkeley.

Catalina Augustin

investor relations

A graduate in engineering, she began her professional career leading projects in the renewable energy sector, before transitioning into finance, where she has spent the past five years in investor relations—first in the VC sector and currently at Quadriga Asset Managers SGIIC S.A.

Catalina holds a double Master’s degree in Industrial Engineering and Smart Industry from ICAI – Universidad Pontificia Comillas, and holds the MiFID II Financial Advisor certification issued by the Spanish Institute of Financial Analysts.

Asset Management - Igneo & Aqua

Diego Parrilla

Diego Parrilla

CIO

Diego has 27+ years of investment and senior leadership experience in London, New York, Singapore, and Madrid across industry leaders JP Morgan, Goldman Sachs, Merrill Lynch, BlueCrest Capital, Dymon Asia, 36 South Capital, and Quadriga Asset Managers, which he joined in 2017.

Diego is visiting lecturer at Imperial College Business School in London, co-author with Daniel Lacalle of “The Energy World is Flat” (Wiley, 2014), published in English, Spanish and Chinese, and “The Anti-Bubbles” (BEP, 2017), selective contributor to Financial Times, Wall Street Journal, CNBC, CNN, Bloomberg TV, Real Vision TV, Hedgeye, MacroVoices, amongst
others.

Diego holds a MSc Mineral Economics from the Colorado School of Mines in Golden, MSc Petroleum Economics and
Management from the French Institute of Petroleum in Paris, MSc Mining and Petroleum Engineering from the Polytechnic
University of Madrid. Diego completed the JP Morgan Global Markets Training program in NYC in 1998

Jorge Dueñas

INVESTMENT SOLUTIONS

Jorge has 20+ years of experience in the financial sector, with an international career spanning Europe and Asia. He holds a degree in Political Science and Economics from the University of Minnesota and an MBA from IESE Business School in Barcelona, Spain.

He began his career at Banco Santander, holding various roles in Madrid, London, and Hong Kong, where he led the build-out of the Corporate Derivative Sales business in Asia. He later joined Wells Fargo in Singapore as Head of Corporate FX Derivative Sales for Asia. 

Jorge is currently based in Madrid, where he serves as Head of Investment Solutions at Quadriga Asset Managers

Gabriel Larios

QUANTITATIVE ANALYST

Gabriel joined Quadriga Asset Managers in 2025 from Texas A&M, where he was Research Associate at Mitchell Institute since 2022, and prior at Institute of Theoretical Physics in Madrid, University of Michigan, and ENS of Lyon.

Gabriel holds a PhD in Theoretical Physics (Summa cum Laude) from Universidad Autónoma of Madrid and completed undergrad studies at Cambridge University and Imperial College London.

Gabriel received the Fulbright Scholarship in 2021 and the Wolfson College Cambridge Jennings Prize in 2018.

Álvaro Martínez

PORTFOLIO MANAGER

Alvaro joined Quadriga Asset Managers in March 2025 from BBVA Asset Management, where he was Equity Portfolio Manager.

Alvaro graduated with a Master in Finance from CUNEF and holds a degree in Computer Engineering and Business Administration from the University of Vigo, and completed studies in Financial Markets and Political Science at the LSE.

Alvaro is keen programmer with applied knowledge in ML and AI, and earned first position in the European Hackathon for Schneider Electric in Nov 2023.

Álvaro Elices

CLIENT SOLUTIONS

Alvaro joined Quadriga Asset Managers in 2025, with previous experience at Deutsche Bank and BBVA in Debt Capital Markets.

Alvaro holds a Dual Degree in Law and Business Analytics (E-3 Analytics) from Universidad Pontificia de Comillas (ICADE) and has completed studies at Elon University (North Carolina, USA) and Vienna University of Economics and Business (WU Wien).

Alvaro earned Black Belt Degree First Dan degree in Judo back in 2016, while he has also competing at a high level in swimming and tennis, among others.

Asset Management - AZ Total Return

José María Aznar

CO-CIO

José María Aznar Botella has been involved in asset management since 2000. He is the co-CIO of AZ Total Return and a founding partner of Poniente Capital. In addition, he is a senior advisor to Cerberus Capital and serves on the board of Haya Real Estate.

From 2002 to 2009, he worked as a Senior Analyst at SLS Management, a New York-based hedge fund, where he was responsible for investments across various sectors in Europe and the U.S. consumer sector. Prior to that, he was a consultant at the Boston Consulting Group in both Spain and New York. From 2010 to 2012, José María was a lecturer in economics at CEU San Pablo University, teaching courses in Financial Institutions Management and Business Analysis.

José María holds a degree in Business Administration and Management from CUNEF (Colegio Universitario de Estudios Financieros).

Wealth Management

Víctor del Rey

independent agent

Víctor has over 30 years of experience in the financial sector and has developed his career at major U.S. institutions, primarily at Goldman Sachs and Merrill Lynch, across New York, London, and Madrid.

He holds a degree in Business Administration and is Series 7, Series 3, and Series 63 qualified, as well as SFA registered.

J. J. Fernández

independent agent

Juan José has over 25 years of experience in financial markets, working with both institutional and individual investors. In 2009, he co-founded Elcano Sicav, after spending 10 years as Managing Director at the American bank Merrill Lynch in New York, London, and Madrid.

Earlier in his career, he worked at Bankers Trust in New York and began his professional journey in the treasury department of Banco Santander, managing portfolios for the bank itself. Since 2020, Juan José has been collaborating with Quadriga’s agent VELAR Inversiones, offering clients his distinctive approach to independent wealth management.

He holds a degree in Business Administration, a Master’s in Quantitative Finance, and completed the General Management Program (PDG) at IESE. He is also a professor in the Master in Finance and Alternative Investments (MFIA) at BME and holds the MiFID II Financial Analyst certification.

Elena Merino

operations

Elena has over 20 years of experience in the financial sector. She built her career as a Client Service Officer at Merrill Lynch (Bank of America), supporting the Dream Team business unit. She began her professional journey as an Executive Assistant at Merrill Lynch Española Agencia de Valores.

She holds a degree in Philology from the Complutense University of Madrid. She is trilingual in Spanish, French, and English, and holds the MiFID II Financial Analyst certification.

Miguel Fierro

financial advisor

With over 5 years of experience in private banking at Quadriga Asset Managers SGIIC S.A., Miguel began his career at Ernst & Young in financial audit. He also worked as a Financial Analyst at Corpfin Capital and Incus Capital Advisors.

Miguel holds a double degree in Business Administration and International Relations from IE Business School and a Master’s in Corporate Finance & Value Investing from ISBIF Finance School. He is currently a CFA Program candidate.

Lucía Delgado

financial advisor

Lucía has over 12 years of experience in international private banking. Before joining the Private Banking team at Quadriga Asset Managers SGIIC S.A., Lucía worked for more than 9 years at UBS Wealth Management (London, UK) and Merrill Lynch Wealth Management (Madrid, Spain), alongside Víctor del Rey, managing high-net-worth clients across Madrid, New York, London, Jersey, and Luxembourg.

Lucía holds a double degree in Law and Business Administration (E-3) from ICADE. In addition, he/she holds the Investment Advice Diploma (Level 4 with Derivatives, from CFA UK) and the Private Client Investment Advice and Management certification (Level 6 PCIAM, from CISI UK).

Wealth Management

José García

financial advisor

José has over 35 years of experience in the financial and tax sectors, having developed his career at KPMG, Santander, Chase Manhattan, and Merrill Lynch, where he spent 18 years before joining Quadriga Asset Managers SGIIC S.A. in 2014. There, he established the Wealth Management department, bringing his experience from major institutions to independent multi-family office platforms.

José holds a degree from ICADE (Corporate Legal Advisory) and is registered as a Broker in New York (Series 7) and in commodities in Chicago (Series 3).

Carlos Mingo

financial advisor

Carlos has over 20 years of professional experience. He began his career in the financial sector in 2014, joining the Wealth Management department at Quadriga Asset Managers SGIIC S.A., where he has worked as a financial advisor.

He holds a Law degree from the Complutense University of Madrid and holds the MiFID II Financial Analyst certification.

Carmen Olivar

coordinator

Carmen has over 25 years of experience in the financial sector, having developed her career at Chase Manhattan and Merrill Lynch, where she spent 14 years before joining Quadriga Asset Managers SGIIC S.A. in 2014, alongside José García, as Head of Client Service.

Carmen holds the MiFID II Financial Analyst certification.

Gonzalo Montojo

financial advisor

Gonzalo has 5 years of professional experience, beginning his career as a Financial Analyst at Muza Gestión and, since early 2022, working as a Financial Advisor in the Wealth Management division at Quadriga Asset Managers SGIIC S.A.

He holds a bilingual Bachelor’s degree in Business Administration and Management from CUNEF and the Financial Advisor certification from the Escuela de Estudios Financieros.

WORK WITH US

We have opened this channel for anyone interested in joining our team of professionals.
By filling out the form below, your résumé will be added to our database.
Quadriga Asset Managers is committed to considering all profiles that best fit future recruitment processes.








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