As part of Wilmington Trust Investment Advisors, the investment advisory arm of Wilmington Trust and M&T Bank, Clement is the Portfolio Manager for the Wilmington Multi-Manager International Fund. He is also the primary analyst for the selection of third-party investment managers for international equities and fixed income, including emerging markets, and is a voting member of the Investment Committee.
Prior to joining Wilmington Trust Investment Advisors, Clement served in M&T Bank’s international trade finance group, serving as team leader for export finance. Earlier in his career he held several positions at the Export-Import Bank of the United States in Washington, D.C. The Export-Import Bank provides loans and financial guarantees to support U.S. exports to borrowers, primarily located in emerging markets. He served as manager of the workouts division, loan officer, and country risk analyst. Clement served for two years as a member of a U.S. delegation to international trade negotiations. He was a member of the Credit Committee, which reviewed all transactions over $10 million. Prior to joining the Export-Import Bank, he was an international economist with Wharton Econometrics (later incorporated into IHS Insight).
Clement holds a master’s degree from George Washington University in Finance and International Business and a bachelor’s degree in International Economics from Georgetown University’s School of Foreign Service. He received his Chartered Financial AnalystTM (CFA) designation in 2001.
He has served two terms as President of the Baltimore CFA Society and is currently its treasurer.
June 29, 2018—During 2Q 2018, it appears that China equity and currency risks have risen against the background of a somewhat softer local economy. A Chinese state think tank caused a stir by briefly posting online a report warning policymakers that they should take actions to preclude a “financial panic.
June 8, 2018— Global investors view European elections, referenda, and other changes of government through a market lens: To what degree are these political developments favorable or unfavorable for markets? The surprise 2016 BREXIT referendum outcome was, of course, market negative. French, German, and Dutch elections in 2017 were all positive, in that they produced centrist pro-European Union (EU) governments.
May 31, 2018— Over the last week there were significant developments in Italian politics that roiled worldwide markets. We believe some of the market volatility was an overblown reaction to the proposal of an anti-euro finance minister, dredging up Greece-style fears of cracks in the eurozone but in a much larger, more consequential country. The proposal was more political theater than anything else.
