Hudson River Trading's head of macro analytics makes shock switch from a HFT to a bank
It's a somewhat unusual sight to see a technologist or quant at a prop trading firm defect to a hedge fund, or even an AI lab. It's an even greater oddity to see them resurface at a bank. Nonetheless, Antoine Savine has done just that by leaving Hudson River Trading (HRT) for Barclays in New York.
Savine has joined Barclays as a managing director and its global head of rates quantitative analysis. He spent the last three years as Hudson River Trading's head of macro analytics, joining from Dankse Bank's Superfly Analytics team, at which he was chief quantitative analyst. He was also formerly global head of derivatives research at BNP Paribas, and had a short-lived stint as its head of FX arbitrage. Savine has published multiple books on quantitative finance and machine learning.
Leaving prop trading for banking at Savine's level is pretty much unheard of, making him a significant coup for Barclays. It's a sign of intent for its New York trading business; the bank is also reupholstering its trading floors in New York as part of a $1bn office renovation.
Barclays' rates business in Europe has been losing talent despite being a focus for the bank. In its US rates team, meanwhile, there have been complaints around recent bonus rounds. Savine will be providing his quantitative services to both teams, presumably.
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