Didier Varlet

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Didier Varlet
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Occupation President
Employer Cartesia Financial, LLC
Location Chicago, Illinois, USA
LinkedIn Profile
Website http://www.cartesiafinancial.com

Didier Varlet is founder and president of Cartesia Financial, LLC. He has over 25 years of banking and capital markets experience, both in France and the United States. He has played key roles in the formation of industry firms and has performed consulting services on behalf of exchanges and financial institutions around the world.[1] He maintains Series 4, Series 7, Series 15, Series 24 and Series 63 securities licenses.


From 1976 to 1986 Varlet served as inspector and chief inspector at Inspection Générale of Société Générale.

From 1986 to 1987 he was manager of derivatives risk at Banque Indosuez Group in Paris.

In 1987 he moved to Chicago and founded Carr Futures Group (now called Newedge). With only three people, he grew the company into a profitable global brokerage firm that employed close to 800 people worldwide. Carr Futures Group provided institutional clients with efficient access to futures, derivatives and commodity markets throughout the world.

In 1989, while serving as CEO of Carr Futures Group, Didier realized an increasing demand from his institutional investors to find alternative risk strategies which they could incorporate into their current asset portfolio. Therefore, he developed Carr Global Advisors. This division of Carr specialized in alternative asset management investing in various hedge fund strategies, including long/short equity, special situations, distressed debt, CTA’s and emerging market.

Carr lost a number of its employees in the 9/11 attacks on the World Trade Center in New York, and Varlet was quoted by publications regarding the tragedy.[2][3] His firm had 143 employees working out of the 92nd floor of the North Tower and about half of them were missing immediately after the tragedy. Carr set up a trust fund for families of the New York victims.[4]

Additionally, Varlet was senior regional officer of Crédit Agricole Indosuez, North America from 2000 to 2002 and was also a member of the Executive Committee of Crédit Agricole Indosuez (now named Calyon).

From July 2003 to December 2004, Varlet served as the chairman of Ubitrade, which provided derivatives technology for the capital markets industry and was a market leader in advanced systems for trading, risk and operations management. In December of 2004, Varlet was instrumental in the sales negotiations between Ubitrade and its purchaser, GL Trade.[5]

Varlet started Cartesia Financial in 2005 as a way to facilitate investment relationships between institutional investors and hedge fund managers located throughout Europe and North America. His extensive background, which includes asset management knowledge, is the foundation for the company. Didier has over 25 years experience in the banking and capital markets both in Europe and the U.S. He is also involved in third-party marketing with Garwood Securities LLC.


  1. Didier Varlet, Partner. Garwood Securities.
  2. "A Nation Challenged: The Trading Firm; Dealt a Heavy Blow, A Commodities Dealer Struggles to Carry On". The New York Times.
  3. Portraits of September 11. Chicago Tribune.
  4. Grieving Carr CEO Determined to Rebuild. Chicago Tribune.
  5. Didier Varlet. SFOA.