• Varkki Chacko
    Managing Principal
    Chief Investment Officer
  • Robert Murray, CFA
    Chief Compliance Officer
  • Dr. Suhas Ketkar
  • Richard Roy
    Portfolio Manager
  • Joseph Pirrello, JD, CPA
    Chief Financial Officer
  • Patrick Arata
    Investor Relations, Head of Business Development


Varkki Chacko

Managing Principal, Chief Investment Officer



Varkki Chacko is the Chief Investment Officer and the Managing Principal of Credit Capital Investments (CCI). CCI seeks investment opportunities across the capital structure with a focus on the publicly traded markets in the US and India.


He has extensive experience in the global credit markets. Prior to moving to the buy-side in 2003, he spent approximately 16 years, initially at Salomon Brothers and then at Goldman Sachs. While at Goldman Sachs, Varkki was a Managing Director serving in various roles including Co-Head of Global High Yield Research, Head of European and Asian Credit Research and Head of Global Credit Strategy. Varkki was a top-ranked analyst in the Institutional Investor All-America Fixed Income Research Team from 1994 to 1998 and again in 2000. The 2000 and 2002 Euro money Credit Research Polls named the teams led by Varkki as top-ranked in Credit Research and in High-Grade and High-Yield Credit Strategy respectively.


Varkki was significantly involved in proprietary credit trading activities both at Goldman Sachs and Salomon Brothers. Varkki’s work in the real time index area has been awarded U.S. and European patents and is the basis of one of the $36 billion Ishares $ Investment Grade Corporate Bond Fund ETF. His research work in the polymer science industry, upon completing his graduate studies in engineering, also resulted in eight industrial patents being awarded.


Varkki completed his M.B.A. in Finance from New York University in 1987, a Ph.D. in Polymer Science and Engineering from the University of Massachusetts in 1982, and a B.E. (Hons) and M.S. (Hons) in 1978 from the Birla Institute of Technology and Science, Pilani, India. Varkki is an Advisory Board member of the College of Natural Sciences at the University of Massachusetts, Amherst.


Robert Murray, CFA

Principal, Chief Compliance Officer



Robert Murray is a Principal of the Firm, a member of the Investment Committee, Head of Fundamental Research and the Chief Compliance Officer at Credit Capital. Robert also oversees corporate credit allocations in several of the Separate Managed Accounts and in the Teak Hill Fund.


Prior to joining CCI, Robert was most recently at Wexford Capital LLC, where he was a Senior Credit Analyst on the Credit Opportunities Fund. Prior to that, he spent over 17 years at Merrill Lynch Investment Managers in Plainsboro, New Jersey, including eight years as a Portfolio Manager where he ran several high yield bond funds for retail and institutional clients. Earlier in his career, he spent over five years at Standard and Poor’s in New York, where he worked in both equity research and debt rating.


Robert received an M.B.A. in Finance, Accounting and Managerial Economics from the Kellogg School of Management at Northwestern University in 1983. He earned the Chartered Financial Analyst designation in 1984. Robert earned a B.A. in Economics magna cum laude at the College of the Holy Cross, where he was elected to Phi Beta Kappa and received the Freeman Saltus Prize in Economics. He is a member of the CFA Institute, the New York Society of Security Analysts and Fixed Income Analysts Income Society Inc.


Dr. Suhas Ketkar




Suhas Ketkar is the Head of macro-economic research and strategy at Credit Capital Investments (CCI). He is also the co-fund manager for the Ashburton India Fixed Income Opportunities Fund. He is a recognized expert on the growth markets of Asia, Latin America and Europe. He has a proven track record in developing predictive models of investment opportunities and risks. He has relationships with economic policy makers worldwide, with particularly strong contacts in the Indian policy circles.


Suhas recently concluded his tenure as a Professor of Economics at Vanderbilt University and President of the Association of Indian Economic and Financial Studies, an organization of economists interested in research on India.


Suhas worked as a financial economist and strategist for twenty-five years with several Wall Street firms. At RBS Greenwich Capital, from 2001 through 2006, he developed a highly profitable long/short currency investment strategy. From 1997 until 1999 he directed economic and quantitative research with Fidelity Investments, advising on asset allocation and management of $5 billion in equities and $1 billion in fixed income in emerging markets. At Credit Suisse First Boston (1992-1997), he built a well respected research team, advised fixed income and equity institutional investors, and helped raise $12 billion for emerging market issuers. From 1981 until 1992, he helped establish exposure limits at Marine Midland Bank, and developed research on sovereign default risk.


Suhas holds a Ph.D. in Economics from Vanderbilt University and earned an M.A. in Economics from the Delhi School of Economics.


Richard Roy

Principal, Portfolio Manager



Richard Roy is a Principal, Portfolio Manager and a member of the Investment Committee at Credit Capital Investments (CCI).


Prior to joining CCI, Richard was the founder and Managing Partner of Lucror Capital Advisors, L.P., an investment management firm focused on investments in the energy and energy infrastructure sectors.


Prior to that, Richard served as a Director in Citigroup Investment Research’s Energy & Energy Infrastructure Group. While at Citigroup, Richard advised institutions (corporate and state pension funds, hedge funds, sovereign wealth funds, mutual funds), financial advisers and high net worth individuals on investing in the energy, energy infrastructure and industrials complexes. During his tenure at Citigroup, Richard had direct responsibility for over $100 billion in equity market capitalization, worked on over $15 billion of MLP and other energy equity offerings (including the marketing of more than 25 initial public offerings), and analyzed over $10 billion worth of Mergers & Acquisitions. Richard’s research has been featured in Barron’s and in 2010, he was recognized as a “Top Stock Picker” in the United States by Financial Times/StarMine, placing 6th out of 1,800. In addition, he has been recognized by StarMine as a top-ranked equity research analyst, receiving 4 out of 5 stars, for stocks under coverage in such categories as “EPS Estimate Accuracy” and “Industry Excess Return.”


Earlier in his career, Richard worked as an associate with the boutique investment bank B.V. Murray & Co. and as an associate in the International Private Banking division of Merrill Lynch.


Richard received a B.S. in Finance and Marketing from the McIntire School of Commerce at the University of Virginia (where he was a 4-Year Varsity Tennis Letterman as well as a team Co-Captain) and an MBA from Columbia Business School with a concentration in Finance and Entrepreneurship.


Joseph Pirrello, JD, CPA

Chief Financial Officer



Joe Pirrello serves as the Finance Officer for the firm. He oversees compliance and regulation matters for the Company. In addition, Joe oversees and prepares the company’s tax returns and is involved with the preparation of internal use financial reports of the Company. Joe is also a partner in Fortunato & Pirrello, LLC.


Joe is a certified public accountant and an attorney. He has over twenty-five years of tax and accounting experience. He has worked with hedge funds and financial service companies in an accounting and tax advisory capacity. He was a Partner at Wiss & Co., a regional accounting firm for eight years and had managed the New Jersey tax practice for BDO USA, a national accounting firm. Additionally, Joe has advised clients in such areas as the structuring of business organizations, including the purchase or sale of a business, corporate and partnership taxation, establishing retirement plans and taxation of U.S. residents working abroad. He has assisted clients with International tax planning and structuring for both inbound and outbound transactions for foreign and domestic companies.


He has been a professor in the Accounting and Taxation Department of William Paterson University and is a frequent guest lecturer on real estate taxation topics at New York University. Joe received a Juris Doctorate (JD) from Seton Hall University School of Law and a Bachelor of Science (BS) from the University of Rhode Island. He is a member of the Tax Division of the American Institute of Certified Public Accountants, the New Jersey Society of Certified Public Accountants and the New Jersey State Bar Association.


Patrick Arata

Investor Relations, Head of Business Development



Patrick Arata is a Principal of the Firm and Head of Investor Relations and Business Development. Prior to joining CCI, Pat spent 32 years at Morgan Stanley as a senior Executive Director in the Institutional Equity Division and was involved in its client relationship management and collegiate recruiting programs. While at Morgan Stanley, Pat had a varied career in both sales and trading and developed a broad and deep base of product and client knowledge.


Pat’s first key role at Morgan Stanley was trading equity derivatives for a broad spectrum of institutional clients and he was ultimately responsible for the client index arbitrage trading book. Pat then transitioned to global equity derivatives and portfolio trading sales where he had direct relationship responsibility for clients ranging from the Firm Top 50 to emerging hedge funds, quantitative managers, index funds and corporate plan sponsors.


From 2004 through 2017 Pat was a leader in developing and implementing Morgan Stanley’s Non-100 client coverage strategy. Pat had a significant role in enhancing the Firm’s reputation with that client segment and working collaboratively with colleagues in the prime brokerage, fixed income and private wealth units. Client coverage expanded to include mutual fund complexes and family offices. Pat and his teams met with and developed relationships with CEOs, CIOs, head traders and senior portfolio managers and restored numerous dormant relationships to active, revenue producing partnerships.


Pat received a B.S. in Finance from New York University and was a member of the Delta Sigma Pi business fraternity. Pat holds licenses for the Series 3, 7, 9, 10, 55 and 63.