BlueCrest has hired BAML’s head of government bonds, rates and currencies

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Hedge funds have been complaining about the lack of trading talent available at investment banks, but there’s one that continues to tap the sell-side for traders – Bluecrest Capital Management.

The expansionary hedge fund has raided the prop desks of various banks including Nomura and Morgan Stanley, but has now turned its attention to managing directors in other areas.

It’s just brought in Panos Yiasoumi, according to regulatory filings. Yiasoumi was latterly co-head of European government bonds and global rates and currencies at Bank of America Merrill Lynch.

Yiasoumi joined Bank of America Merrill Lynch in September 2013, from Morgan Stanley where he was a managing director and head of European government bond trading.

He’s the latest senior exit from the fixed income division of a major investment bank who has decided to make the switch to the buy-side. Late last year, David Sabotka, who retired from his role as head of fixed income, currencies and commodities at BAML, was hired by Capula Investment Management as head of macro trading.

As more banks cut fixed income traders and fewer opportunities emerge, it’s likely that any hedge funds looking to hire will have plenty of talent to choose from.

Yiasoumi started his career as an FX trader for J.P. Morgan in 1998. He's since held senior roles at Société Générale and Barclays. He has a degree in Mathematics from Manchester University and a Masters in International Business from the University of Manchester Institute of Science and Technology.

Photo: lukas_zb/iStock/Thinkstock

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