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Former Squarepoint and Walleye PM returns to banking roots

August 19, 2024 at 2:15 pm

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Equity derivatives trader Drew March, who previously spent 10 years at Credit Suisse, is returning to the sell-side with BNP Paribas in New York after stints with hedge funds Squarepoint Capital and Walleye, according to a report by eFinancial Careers.PARA_BREAK_SENTINEL_9f8e7d6cMarsh joined New York-based quant Squarepoint as a portfolio manager in 2022 and stayed for 19 months before moving on to Walleye, a smaller multi-strategy fund. His time there was brief, and he left in May 2024, just months after the fund reportedly cut around a dozen employees, including equities-focused professionals like Michael Martin, Lawrence Hurvich, and Jerry Siliverdes.PARA_BREAK_SENTINEL_9f8e7d6cMarsh is believed to be among those affected by the layoffs at Walleye. PARA_BREAK_SENTINEL_9f8e7d6cBNP Paribas has now appointed Marsh as Director in equity derivatives trading.