Santander's ex-head of linear rates trading in London is living his best life at Capula
Macro hedge funds have been having a hard time and ejecting quantities of people, but they are also hiring. Greg Rickards at Santander has been hired.
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Writing on LinkedIn, Rickards says he has joined British hedge fund Capula Investment Management as a portfolio manager. Rickards didn't respond to a request to comment for this article. He has spent the past 17 years at Santander and was head of linear rates trading for the bank in London since 2018.
Rickards' arrival comes after Capula parted company with Michele Beretta from Citi, who was only there for three months and Andrea Casulli from Goldman, whose pod Beretta joined. The FCA Register suggests Gregory Nataf left the London entity last week and that Nimesh Mistry, a senior manager, left at the end of October.
Bloomberg reported in August that Capula had launched a diversification push after historically focusing on relative value trading across fixed income. To this end it hired Yao Hua Ooi, who built a systematic trading strategy for AQR. Last year it hired various energy traders, including John Anderson from Millennium.
It's not clear how Capula is performing in 2026. Last year, it paid an average of $630k in London and revenues fell 19%.
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