Wilton Fry

Chief Financial Officer, Co-founder Iguana Investments

Wilton Fry is currently the Chief Financial Officer (CFO) at Iguana Investments Ltd, a position he has held since October 2019. Iguana Investments is based in Cambridge, UK, and operates as an equity long/short fund that combines fundamental and quantitative analysis in its investment strategies.1 2

Professional Background

Fry has over 20 years of experience in the finance sector, primarily as a sell-side analyst specializing in the telecommunications and media industries. His previous roles include:

Equity Analyst at RBC Capital Markets (June 2016 - April 2019): He led the telecom team and was responsible for coverage of major UK telecom companies.
Special Situations Sales at Merrill Lynch (April 2014 - October 2015): Focused on sourcing and selling investment opportunities related to special situations.
Equity Analyst at Merrill Lynch (2003 - 2014): He was recognized for his expertise in the telecom sector and received the FT/Starmine Award for being the top stock picker in that sector in 2013.
Equity Analyst at Credit Suisse First Boston (1999 - 2003): He began his career as a media analyst, gaining significant experience in European television stocks.1 2

Fry is also a qualified Chartered Accountant, having started his career at KPMG, and holds a BA (Hons) in Economics from the University of Reading.1 2 His analytical approach is often described as contrarian yet grounded in fundamental analysis, which has led to notable calls in the industry, particularly regarding satellite companies and telecom stocks.2