Daniel McNeill, the former head of AM derivatives at JPMorgan in London has become the latest managing director to jump ship and defect from the investment bank to London-based multi-strategy hedge fund Millennium, according to a report by eFinancial careers.

The appointment of McNeill, who will reportedly soon be installed as Millennium's new risk chief operating officer based in London, comes hot on the heels of Millennium's capture of another former JPMorgan MD, Jack Yang, who last month took up a credit strategy role based in New York.

Millennium has also made other former-bank executive appointments, including Cagdas Aksu, Barclays’ head of European Rates Strategy, who is joining as a portfolio manager in London.

McNeill has experience of working on both sides of the Atlantic having spent 13 years in New York City, working for JPMorgan, Credit Suisse and Deutsche Bank, before returning to London to work for JPMorgan in 2018.