David Holland

Cape Town

David Holland is a co-founder of Fractal Value Advisors and an adjunct professor at the University of Cape Town Graduate School of Business.

He has served as a senior advisor to Credit Suisse Europe since 2011. Previously he was a managing director at Credit Suisse based in London. David was in charge of HOLT Valuation and Analytics, the research and development arm of Credit Suisse HOLT, and ran their global Custom Solutions Group. He was responsible for improvements to the cash flow return on investment (CFROI) framework and other Credit Suisse valuation models; the development of custom solutions and investment products based on the group’s intellectual property; and the generation of content for fund managers.

David joined CSFB in May 2002 from Fractal Value Advisors, a corporate strategy and finance advisory business he owned in South Africa. Fractal advised on the use of the HOLT CFROI framework at South Africa's leading corporations, parastatals and asset management firms.

David's experience is quite varied. Before becoming expert on the measurement of cash flow, he was an expert in measuring fluid flow, giving presentations throughout the world on the subject of rheology. David holds degrees in Chemical Engineering from the University of Illinois (BS) and Stanford University (MS). He earned his MBA at the University of Cape Town. He has a professional certificate in Strategic Decision and Risk Management from Stanford University. He has presented at investment conferences, lectured at universities and written a book on equity valuation, “Beyond Earnings: A User’s Guide to Excess Return Models and the HOLT CFROI Framework.” David lectures at the University of Cape Town Graduate School of Business.