Updated:
Chatham Financial
Founded in 1991 by Clay Sublett and several partners, Chatham Financial began as an interest-rate advisory firm serving regional banks before expanding...
Chatham Financial
Founded in 1991 by Clay Sublett and several partners, Chatham Financial began as an interest-rate advisory firm serving regional banks before expanding into a broad-structured financial risk management practice. The firm now advises over 3,500 clients across corporate, real estate, private equity, and infrastructure sectors on hedging and capital-markets execution. Its headquarters remain in Kennett Square, Pennsylvania — an unusual base for a firm with such deep Wall Street connectivity — with additional offices in Denver, London, Krakow, and Melbourne. Chatham advises on more than $1.5 trillion in annual notional transaction volume across foreign exchange, interest rate derivatives, and commodity hedging. The firm does not manage discretionary capital like a traditional asset manager; instead it operates as a technology-enabled advisor and executing agent, helping clients structure and price swaps, caps, collars, and cross-currency solutions. Its practice spans three broad verticals: corporate treasury advisory, real-asset and infrastructure hedging, and private-equity portfolio-level risk management. Notable public-sector engagements have included advising on debt-market derivatives for major infrastructure programs and state-level housing finance agencies. Team size is not publicly disclosed, but Chatham maintains a substantial quantitative and technology bench alongside its advisory desk. The firm expanded significantly in the 2010s, opening a European hub in London and a technology and analytics center in Krakow, Poland. In 2023 Chatham launched a dedicated real estate capital advisory group to complement its existing hedging practice for property owners and lenders. Its technology subsidiary, Chatham Financial Technology, licenses derivative valuation, compliance, and hedge-accounting software to corporate end-users and financial institutions. Chatham is structurally distinct because it operates entirely on an advisory-and-technology model — it does not take principal risk, does not run a proprietary book, and is not a registered broker-dealer competing with its banking counterparties. That independence lets it provide execution-agnostic pricing and pre-trade analytics without the balance-sheet conflicts that large bank-affiliated providers face. The firm remains privately held, with senior partners and employees owning the equity.
General information
Firm type
Asset Manager
Year founded
1991
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Kennett Square
Corporate office
Kennett Square, PA, United States
Additional offices
Denver, CO · London, UK · Krakow, Poland · Melbourne, Australia
Principals
Matt Henry
Chief Executive Officer
Clay Sublett
Chief Financial Officer
Martin Mitchell
Board Member
Sector focus
Frequently asked questions
What exactly does Chatham Financial do — is it an asset manager or an advisor?
Chatham is primarily an independent financial-risk management advisory and technology firm. It does not manage discretionary pools of investor capital. Instead, it helps corporate treasuries, real estate firms, private equity sponsors, and infrastructure borrowers structure, price, and execute interest-rate, foreign-exchange, and commodity hedging programs. The firm acts as an advisor and executing agent, typically alongside a client's banking relationships.
How large is the firm's transaction footprint?
Chatham advises on more than $1.5 trillion in annual notional transaction volume across its derivatives, debt, and hedging advisory practices. This figure represents the aggregate face value of transactions on which it provides structuring, pre-trade analytics, or execution support. The firm serves over 3,500 institutional clients globally.
Who owns Chatham Financial and how is it governed?
Chatham Financial is privately held and operates as a partnership. Its equity is owned by senior partners and long-tenured employees. The firm is not backed by private equity or a publicly traded parent — a structure it argues preserves independence from the balance-sheet and sales incentives that large financial institutions navigate with their own derivatives desks.
Does Chatham Financial take principal risk or operate a broker-dealer?
No. Chatham does not take principal risk, run a proprietary trading book, or operate as a registered broker-dealer. It functions as an independent advisor and technology provider, which means it can source and price derivatives across multiple bank counterparties without competing with them for execution spread or charging a mark-up on the instrument itself.
Which sectors and asset classes does Chatham focus on?
The firm's practice covers interest-rate hedging, foreign exchange, and commodities across four main verticals: corporate treasury, commercial and residential real estate, private capital (including GP-led portfolio-level hedging), and infrastructure and project finance. In 2023, it deepened its real estate capital advisory coverage, adding debt advisory and structured finance to the existing hedging mandate.
Where are Chatham's key offices outside the US?
Chatham maintains a European advisory and client-service presence in London and a technology and analytics hub in Krakow, Poland. It also has an office in Melbourne, Australia, to serve the Asia-Pacific region. The headquarters remain in Kennett Square, Pennsylvania, with a significant US operating center in Denver, Colorado.
What technology does Chatham provide separately from its advisory services?
Chatham Financial Technology licenses a suite of software tools for derivatives valuation, hedge accounting under ASC 815 and IFRS 9, and risk compliance. The platform is used by corporate end-users, financial institutions, and audit firms to independently value swaps, options, and structured products, and to generate hedge-effectiveness testing and regulatory reporting.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
Need institutional-grade insight on family offices?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: