Key Takeaways
- • ExodusPoint, the multistrategy hedge fund, has hired Vittorio Martino, a senior fixed income salesman who spent 13 years at Deutsche Bank, most recently on the Italian flow rates sales team, according to eFinancialCareers.
- • Martino joins ExodusPoint today as a senior strategist and is understood to be placed in the pod led by Mirco Bulega, a macro-focused portfolio manager who joined from Alphadyne Asset Management in July 2022.
- • The hire follows ExodusPoint's recent recruitment of Bin Zou, a former executive director of FX and Rates systematic trading strategies at Goldman Sachs, signaling continued staffing expansion in London.
- • The timing of Martino's move is notable because Deutsche Bank's 2022 bonuses are scheduled for payment in February 2023, while the bank's macro trading revenues doubled year-on-year in the third quarter.
Summary
ExodusPoint, the multistrategy hedge fund, continues to add trading talent in London. According to eFinancialCareers, the firm has hired Vittorio Martino, a senior fixed income salesman at Deutsche Bank. Martino spent 13 years at the bank and most recently worked on the Italian flow rates sales team. He is joining ExodusPoint as a senior strategist.
ExodusPoint staff work in pods organized around portfolio managers running specific trading strategies. Martino is understood to be joining the pod formed by Mirco Bulega, a former Credit Suisse economist who joined ExodusPoint in July 2022 from Alphadyne Asset Management, the global macro and fixed income relative value fund founded by Philippe Khuong-Huu and Bart Broadman. Bulega's pod is understood to focus on macro trading.
The hire comes shortly after ExodusPoint recruited Bin Zou, a former executive director of FX and Rates systematic trading strategies at Goldman Sachs, which eFinancialCareers reported the previous week.
eFinancialCareers notes that the timing of Martino's departure is unusual given the calendar. Deutsche Bank is scheduled to pay 2022 bonuses in February 2023, and its macro traders have had a strong year, with macro trading revenues at the bank doubling year-on-year in the third quarter. The bank said its spending on performance-related compensation increased during the three months to October. The report suggests Martino may not have considered it worthwhile to wait for his bonus, and that ExodusPoint may have bought out his expected bonus for this year.
ExodusPoint staff work in pods organized around portfolio managers running specific trading strategies. Martino is understood to be joining the pod formed by Mirco Bulega, a former Credit Suisse economist who joined ExodusPoint in July 2022 from Alphadyne Asset Management, the global macro and fixed income relative value fund founded by Philippe Khuong-Huu and Bart Broadman. Bulega's pod is understood to focus on macro trading.
The hire comes shortly after ExodusPoint recruited Bin Zou, a former executive director of FX and Rates systematic trading strategies at Goldman Sachs, which eFinancialCareers reported the previous week.
eFinancialCareers notes that the timing of Martino's departure is unusual given the calendar. Deutsche Bank is scheduled to pay 2022 bonuses in February 2023, and its macro traders have had a strong year, with macro trading revenues at the bank doubling year-on-year in the third quarter. The bank said its spending on performance-related compensation increased during the three months to October. The report suggests Martino may not have considered it worthwhile to wait for his bonus, and that ExodusPoint may have bought out his expected bonus for this year.
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