Investment accounts

Authorised and regulated by the UK’s FCA to provide investment accounts, we are bound by CASS rules to segregate and protect client assets.

Making sense of macro data when the data doesn’t make sense

In this week's episode of Dolfin Discussions James Gutman, our Head of Investment Portfolios, is joined by Charles Dumas, Chief Economist at TS Lombard. Together they try and make sense...

Riding the wave together

As the world begins its first tentative steps out of lockdown, Dolfin’s Head of Business Development Georgios Ercan and Head of Investment Management Simon Black reflect on the preoccupations our clients have expressed during the Covid-19 crisis

Dolfin’s response to Covid-19

We will safeguard the wellbeing of our team, continue to act as responsible members of the global community, and deliver uninterrupted, high-quality service to our clients and partners.

Head of Investment Portfolios

James Gutman


James joined Dolfin in February 2020 and is Head of Investment Portfolios, focused on developing the Dolfin investment management proposition further.

James is an experienced econometrician, quantamental strategist and portfolio manager with twenty years of financial markets experience in a variety of roles.

James joined Dolfin from Philipp Advisers LLP, where he was Head of Research and Head of Risk, continuing a career that began at Ford Motor Company, where he was a Senior Economist and Manager of global commodities hedging. He later went to Goldman Sachs, where he was an Executive Director and Senior Commodities Economist. Subsequent stints were at Armajaro Asset Management, where he was a Partner and commodities portfolio manager, and BTG as a portfolio manager where he established the metals derivatives trading desk.

James is skilled in economics, quantitative analysis, risk management and hedge funds and holds a PhD in Political Science and a Master’s Degrees in Economics and Political Science from the University of Michigan, Ann Arbor.

Contact Details


+44 (0)20 3883 1800

[email protected]



Oil update

Following a steep decline in prices over the past several weeks, we expect crude oil to rally sharply later in 2020 and early 2021. Head of Investment Portfolios, James Gutman, provides an update on the oil market.

James Gutman
/ 7 May 2020

Macro update

Investors and analysts are carefully examining economic tea leaves for signs of what is to come but confusion still reigns. Here, Head of Investment Portfolios, James Gutman, provides a macro update.

James Gutman
/ 1 April 2020
In the press