High-paying hedge fund Capula has just a poached senior derivatives trader

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Manu Tripathi, the head of emerging markets FX options at Unicredit, has just made the switch across to the buy-side, joining Capula Investment Management as a portfolio manager earlier this month. 

Tripathi is a senior derivatives trader who joined Unicredit in January 2015 after just over a year as head of FX derivatives at VTB Capital. Before this he was the head of Asia FX options trading at UBS in Singapore.

Capula has a tendency to hire in senior sell-side traders rather than poaching from other hedge funds, but has been losing people in the past few months. Mathias Berenger, who was previously head of European vanilla options trading at Credit Suisse, left Capula in September. Vassilis Angelopoulos, a former interest rates options trader at Bank of America Merrill Lynch and Dipak Shah, an FX options trader at Goldman Sachs who joined Capula as a portfolio manager in 2012, also departed.

Capula has also hired Filippo Fiori, a senior trader at Credit Suisse who focused on hybrids and equity derivatives, within its pension and insurance solutions business.

Capula has 102 employees in London, according to its latest accounts, and paid an average of $368.8k, up from $306.7k for the previous year. Pay for its 26 members also increased to an average of $3.6m.

Contact: pclarke@efinancialcareers.com

Photo: Getty Images

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