Benoit Duhil de Benaze


In a complex and fast-changing environment, my job is to make sure the team delivers the best value to our clients and that we maintain our top class expertise in derivatives. My work is very diversified and each advisory engagement requires a fresh mind. I also spend time with new and existing clients to discuss risk management topics and future challenges the industry will face.

T: +44 (0)207 493 3310

Email Benoit


  • Private Equity
  • Commodity Hedging
  • Corporates
  • Deal Contingent Hedging
  • FX Hedging
  • Hedge Accounting
  • Inflation Hedging
  • Interest Rate Hedging


  • MCT Advanced Diploma in Treasury, Risk and Corporate Finance
  • Actuary, Institut de Science Financière et d’Assurances, France
  • MSc International Finance, HEC School of Management, Paris

About Benoit

I joined JCRA in 2017. Prior to this, I spent three years at Nomura where I was part of the FX structuring team looking after private equity and corporate clients. I also spent nine years at Societe Generale, where I built and headed up the London FX structuring team for both corporate and institutional clients.

At JCRA I have been involved in several high-profile transactions, from FX deal-contingent hedges in multibillion cross-border M&A to large interest rate financing/refinancing situations. My main areas of focus are FX and deal contingency. The experience I have acquired as a top deal-contingent provider helps my clients achieve the best financial and legal terms for those hedging solutions.

When I am not working I like to be active (running, swimming and biking), and to spend time with my wife and two children. New Year resolution or midlife crisis, I have signed up for my first off-road triathlon for 2018, and all support messages are welcome.

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Published work

Private Equity Deal Digest Q3 2018

This short paper looks at how interest rate hedging products have been used historically in the real estate market, how ...

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Exchange rate implications on aspects of the UK economy

Volatility in the FX markets has a habit of focusing the mind as KPIs are missed as a result of unexpected changes in exchange rates.

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