Paul Squires is to join Invesco as head of EMEA Equity Trading, the asset management firm has confirmed, leaving his role as head of trading and securities finance at AXA Investment Managers. Squires, highly-respected in the industry, has risen through the ranks at AXA IM which he joined in 1996 as a UK equities trader. He was promoted to head of trading in 2005, becoming responsible for managing the firm’s 32-trader multi-asset class team, with trading turnover last year of over €850 billion.
In his 13 years as head of trading, Squires has been noted for taking a long-term, strategic view over managing the trading desk, harmonising the trading workflows and execution reporting across its Paris, London and Hong Kong desks. For example, by controlling its own technology spend the desk has been able to aggregate trading data for fixed income since 2007. This enabled the building of a pricing database for fixed income instruments, which has assisted in overcoming the post-crisis drop off in sell-side liquidity provision.
In a statement a spokesperson for the firm said, “AXA IM can confirm that Paul Squires will leave the firm. Paul has been an integral part of the AXA IM Trading and Securities Finance team for 21 years and we wish him every success for the future.”
In the interim, the Trading and Securities Finance team will be led by Daniel Leon, head of Engineering and Execution at AXA IM with further details to be announced in due course.
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