BlueCrest Capital Management has hired a Nomura trader, the latest in the string of top hedge fund hires this year.
Matthew Read, a veteran trader with almost 25 years of experience, who was until recently heading index exotic trading in Asia excluding Japan for Nomura, has joined BlueCrest’s London office. Read is joining BlueCrest as a risk manager rather than going into portfolio management.
He started his investment banking career as an equity derivatives trader at NatWest Markets in 1993, after completing his B.A. in Economics from the University of York. Read moved to Credit Suisse five years later in 1998 as an index flow and exotics trader and worked there for a year. Before joining Nomura in 2005, he spent five years at TD ( Toronto-Dominion Bank).
Read’s arrival at BlueCrest comes after his former colleague, Christian Dalban, Nomura’s ex-head of equities trading, left BlueCrest in June 2017. Dalban had been building BlueCrest’s equities business, but various members of his team left last year.
BlueCrest isn’t the only hedge fund hiring from banks after bonuses are paid. Simon Kingsbury, Goldman Sachs’ global head of short macro trading, left the bank last week and is also expected to turn up at a hedge fund soon.