SpiderRock Advisors is an asset management firm focused exclusively on providing customized option overlay strategies to Financial Advisors and Institutions. 

Combining world-class technology with comprehensive derivative expertise, we are making it easy for Financial Advisors and Institutions to add option strategies to their portfolios.




DAVE DONNELLY | Managing Director

Dave is responsible for business development and client portfolio management at SpiderRock Advisors. He began his career at Lord, Abbett & Co. in 2003, and has since worked closely with advisor and institutional clients across a range of products, including traditional equity and fixed-income, managed futures, volatility arbitrage and private equity.  Prior to SpiderRock Advisors, Dave was the Founder and President of the quantitative strategy firm Strategic Alpha. Dave earned his undergraduate degree in Mathematics and Economics from the University of Illinois at Urbana-Champaign, and received an MBA from the University of Chicago Booth School of Business.


ERIC METZ, CFA | President, Chief Investment Officer

Eric oversees all investment strategies and portfolio management activities at the firm. Prior to joining SRA, Eric was the Derivatives Strategist and a Portfolio Manager at RiverNorth Capital Management, managing both mutual fund and hedge fund assets (and was a client of SpiderRock).  He began his career with the Chicago Trading Company on the floors of the Chicago Mercantile Exchange (CME) and the Chicago Board Options Exchange (CBOE). After the trading floors, Eric was a senior trader and partner at Ronin Capital and Bengal Capital, both proprietary trading firms specializing in volatility arbitrage. Eric graduated, Magna Cum Laude, from the University of Michigan with a B.S.E in Industrial and Operations Engineering.  He earned his M.S.E., with honors, in Industrial and Operational Engineering, and was enrolled in the program’s PhD program. Eric is a CFA Charterholder, a member of the CFA Institute and the CFA Society of Chicago.


BRUCE MUMFORD | Chief Financial Officer, Chief Compliance Officer

Bruce is responsible for leading financial oversight and management at SpiderRock Advisors. He has over 30 years of executive experience within financial services and asset management. In his most recent role prior to SpiderRock Advisors, Bruce served as a Partner at Emerging Edge, LLC, where he was an Advisor and investor to multiple alternative investment funds. Bruce previously held executive leadership roles at ABN AMRO, including as the President and CEO of its U.S. Broker Dealer unit, and Executive VP of its Clearing & Execution Services division. Bruce has his BSE, summa cum laude, in Industrial and Operational Engineering from the University of Michigan, and received an MBA from Harvard Business School.


MIKE KESSLING | Director of Operations

Mike is responsible for business operations and ongoing development at SpiderRock Advisors.  In 2005, he began his career at thinkorswim and worked as the project lead for the institutional trading and risk management software, “thinkpipes.”  In 2009, TD Ameritrade purchased thinkorswim for $600 million, and thinkpipes was modified to suit the TDA investment advisor community. Prior to SpiderRock Advisors, Mike was a managing partner responsible for trading and operational efficiency at alternatives manager Two Fish Management. Mike earned his undergraduate degree in finance from Bradley University.


ZED FRANCIS | Portfolio Manager

Zed is responsible for portfolio management activities and continued business development.  Prior to joining SpiderRock Advisors, he was a Solutions Portfolio Manager at Legal and General Investment America, managing multi-asset portfolios with a focus on derivative overlays for institutional clients.  Zed graduated from Cornell University with a B.S.E. in Applied Economics and Management.  He is an active member of the YWCA Chicago Impact Investing Advisory Council.


GEORGE PAPA | Executive Chairman

George is the Founder and Managing Partner of SpiderRock Holdings LLC, our Parent Company. From its inception, he has been the chief visionary and architect of our firm’s technology. He has been instrumental in the investment and trading industry his entire career, formerly as a Partner and Managing Director for Cantor Fitzgerald in New York, as well as holding executive technology roles with leading investment firms in Chicago. George graduated with honors from the California Institute of Technology with degrees in Applied Physics and Economics.