Leadership
Board of directors
Six partners. A single discipline. More than twenty years of shared stewardship.
Founding partners
The founding three
The three principals who founded Invictus Heritage in 2005 continue to lead the firm today.
AV
Alaric M. Vance
Founding Partner · Chairman of the Board
Sets the firm's strategic direction and chairs the board. More than twenty years stewarding Invictus Heritage from a London boutique into a global commodity specialist. A guiding conviction: that patient capital and disciplined options writing constitute the most enduring form of commodity investment.
CM
Cecilia Marchetti
Founding Partner
Co-architect of the firm's investment philosophy and culture. Oversees partnership affairs and long-standing institutional relationships across Europe. The intellectual backbone of the firm's approach to volatility as a generative, not merely defensive, force.
JT
Julian R. Thorne
Founding Partner · Chief Investment Officer, Energy
Leads the firm's flagship Energy strategy. Specialist in volatility and term-structure positioning across crude, refined products and global gas markets. More than twenty years of navigating energy cycles with precision and discipline.
Operating partners
Global leadership
The partners who lead the firm's regional offices and operational stewardship.
EB
Edmund H. Beauclerc
Partner · Chief Operating Officer
Oversees firm-wide operations, risk and stewardship. Custodian of the operational discipline that underwrites every investment decision. Ensures the machinery of the house runs with the precision of the strategies it serves.
LO
Lin Okafor
Partner · Head of Singapore, Asia-Pacific
Leads the firm's Asia-Pacific franchise from Singapore. Specialist relationships across Asian benchmark venues, base metals and LNG markets. A key bridge between the firm's global strategy and the distinct rhythms of Asian commodity flows.
RA
Reza Amari
Partner · Dubai & Middle East
Heads the firm's Gulf presence. Long-standing relationships with sovereign and family-office capital across the MENA energy corridor. Brings deep expertise in the intersection of geopolitics and Gulf commodity flows.
“Capital deserves a steward, not a salesman.”
Fides · Gravitas · Virtus · Constantia · Prudentia · Honestas