The central risk book of a bank can be one of the most powerful (and political) places to work outside of a trading desk. These teams monitor the trading strategies of various teams across their bank and can often deploy trading strategies to hedge the risks those trading desks make. ‘CRB’ quants can be a natural fit for hedge funds; one of the former leaders of JPMorgan’s equities CRB has just emerged at hedge fund Point72.
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Ashot Ordukhanyan joined Point72 as head of risk technology, based in New York. He joined from risk intelligence fintech ActiveViam, where he was head of quant development for two years, but spent the two years before that as co-head of JPMorgan’s equities CRB.Â
Ordukhanyan was also a top quantitative strategist (another kind of quant coveted by hedge funds) across multiple banks. He spent 14 years at Goldman Sachs, rising from an associate to its co-head of US equity algorithmic trading strats. He left to run rates algorithmic trading at RBS before joining Deutsche Bank where he was Americas head of equity strats.
Risk teams in hedge funds can be very different to teams in banks. Giuseppe Paleologo, who worked in risk for both Citadel and Millennium, previously told Bloomberg that hedge fund risk staff manage pods like a trader would manage equities. Ordukhanyan appears to be tasked with building the systems that facilitate this.Â
The fund also lost one of its most senior technologists this month. Guillaume Gimonet, head of global treasury technology, left to become head of fixed income and ETF technology at Vanguard. He spent seven years at the fund and was previously head of macro risk and treasury technology. Gimonet was also previously an MD at Credit Suisse and CTO of George Soros’ family office, Soros Fund Management.
Point72 declined to comment.
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