The head of fixed income execution at AXA Investment Management has departed after more than a decade with the firm to join BNP Paribas Asset Management.
A spokesperson confirmed Yann Couellan was appointed head of fixed income execution at BNP Paribas in October this year, having been in the same role at AXA Investment Management for 10 years.
He first joined the French asset manager in 2004 as a fixed income CDS credit trader and prior to that held similar trading positions at IXIS Asset Management and Cantor Fitzgerald.
After three years as a trader at AXA, Couellan was promoted to head of fixed income execution in 2007.
He was responsible for all fixed income execution for all of AXA’s fund managers and oversaw activity on the fixed income and OTC derivatives trading desks.
BNP Paribas announced a major push in fixed income earlier this month, after teaming up with market maker GTS to provide its clients with better tighter spreads and improved pricing in US Treasuries.
The partnership will see BNP Paribas implement GTS’ trading and technology tools, alongside the addition of the market maker’s liquidity into its framework.
Furthermore, BNP Paribas Asset Management confirmed plans to merge several investment teams to create the ‘Multi-Asset, Quantitative and Solutions’ (MAQS) group.
MAQS will become one of four of the asset manager’s investment groups, alongside Private Debt & Real Assets, Equities and Fixed Income.