Fixed income broker-dealer Millennium Advisors has appointed Dylan Blair managing director and global head of US dollar credit trading as the business continues its expansion efforts.
Charlotte-based Blair was most recently managing director – head of US investment grade credit trading at BNP Paribas in New York, and before that worked as an executive director and director at Morgan Stanley and Merrill Lynch respectively.
Speaking to The TRADE, Blair said: “Fixed income trading is in a period of significant structural change. This presents enormous opportunities for innovative firms like Millennium Advisors. That’s one key reason why it’s a perfect time to take on this role.”
In this new role, he will be responsible for coordinating and managing the business’ global credit trading teams across a range of markets.
Blair, who has 20 years of experience in the industry, will assist with leveraging Millennium’s existing capabilities to access new trading opportunities.
Laurent Paulhac, chief executive of Millennium Advisors, said: “We have been looking for an individual with exceptional experience and skills within the credit and trading world, to lead our global US dollar franchise. Dylan’s background positions him ideally to drive our trading business and I’m very excited for the impact he can bring to this role.”
Appointment comes amidst the firm’s impressive year-on-year growth – 30% by trade count and 53% by volume in 2023. Other recent hires include: AJ Lindeman as head of quant, Jeremy Abig and chief financial officer, and Joe De Modna as head of global operations.
In an announcement, Blair commented: “I’m thrilled to be joining Millennium to help extend their already enviable footprint in the credit markets. Millennium is a fantastic organisation with a rich history of success, based on providing the very best service to a broad range of counterparties. With such a talented team and collaborative culture, I’m confident that we can continue to build on the successes over the past decade to expand our global presence.”