Christophe Roupie, the global head of trading and securities financing at AXA Investment Managers has left the group, the company confirmed today.
Roupie’s departure after more than ten years has triggered a series of promotions in the business, the most notable of which has been the elevation of Paul Squires to Roupie’s old role.
In a statement AXA IM simply confirmed that Roupie had left the business to pursue ‘a new opportunity’. Squires joined AXA IM in 1996 as a trader and has been head of trading since 2005.
He began his career as an equity trader for Mercury Asset Management (now Blackrock) in 1993, before becoming a UK equity trader for Sun Life Investment Management in 1996, which subsequently became part of AXA IM.
As global head of TSF, Squires will retain his current responsibilities as head of trading and will report to Julien Fourtou, global head of MACS and TSF.
Roupie has decided to leave AXA in order to move to Switzerland to become CEO and partner of a family-run business. Roupie joined AXA IM in May 2005 as global head of trading before becoming global head of trading and securities financing (TSF) in January 2006.
Jayne Forbes has been promoted to global head of securities financing and deputy head of TSF, reporting to Paul Squires. Forbes joined AXA IM in 2005 as head of securities financing.
Julien Fourtou, global head of MACS and TSF, at AXA IM added: We are confident that Paul, with the support of Jayne and the team, will build on the excellent work Christophe has done and ensure that AXA IM remains at the forefront of trading and securities financing.”
• A version of this story first appeared on our sister title Global Custodian.
Story by Janet Du Chenne