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This quant hedge fund has a thing for ex-JPMorgan VPs in Hong Kong

Reported by Efinancialcareers
Apr 22, 2024· 3 min read
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Key Takeaways
  • • Qube Research Technologies is aggressively recruiting senior talent from tier-one institutions, with a notable concentration of hires from JPMorgan and Citadel in its Hong Kong office during 2024.
  • • Deon Brophy appointed as COO after 10 years at JPMorgan, most recently serving as VP in prime brokerage product development in Hong Kong, signaling Qube's prioritization of operational infrastructure scaling.
  • • Multiple JPMorgan alumni now occupy senior quant roles at Qube, including Mengchi Ja (quant research director, ex-Citadel/JPMorgan VP) and Jean-Jacques Fabre (quant research director, 13-year Credit Suisse MD with prior JPMorgan VP experience).
  • • Talent acquisition team expansion underway, with recent hires including George Calderbank (head of recruitment, ex-GSR), Cecilia Dias (ex-Goldman Sachs, London), and Lina Gu (ex-Datadog, Paris), suggesting sustained hiring momentum across geographies.
  • • Hong Kong emerges as strategic hub for quant hedge fund expansion, reflecting broader industry trend of multistrategy and quant firms establishing regional footholds in Asia Pacific.
Summary
Qube Research Technologies is executing a sustained talent acquisition strategy focused on Hong Kong and senior roles across quant research, operations, and recruitment functions. The firm's hiring pattern reveals a deliberate strategy of recruiting experienced professionals from marquee financial institutions, with particular emphasis on JPMorgan veterans and specialists from competing quant shops like Citadel.

The most significant recent appointment is Deon Brophy, who joined Qube as Chief Operating Officer in April 2024. Brophy brings a decade of experience from JPMorgan, where he spent the majority of his tenure in Hong Kong and held the position of VP in prime brokerage product development. His appointment underscores Qube's focus on building operational and infrastructure capabilities required to support rapid growth.

On the investment side, Qube has recruited two senior quant research directors to its Hong Kong office in 2024. Mengchi Ja joined in March from Citadel Securities, where he worked as a quant developer for less than two years following his tenure as a JPMorgan VP. Jean-Jacques Fabre, the most senior of the three recent hires, brings 13 years of experience from Credit Suisse, where he served as Managing Director leading global risk platforms and global quant risk engineering; Fabre also previously held a VP position at JPMorgan.

The talent pipeline appears robust and expanding. Qube recruited George Calderbank, head of recruitment at cryptocurrency trading firm GSR, in July 2023. Since that appointment, the firm's talent acquisition team has grown measurably, with recent additions including Cecilia Dias, formerly of Goldman Sachs (London), and Lina Gu, formerly of Datadog (Paris). According to insiders familiar with the firm's hiring strategy, Qube's expanding recruitment infrastructure suggests substantial additional hiring in the near term.

This hiring campaign reflects Qube's broader positioning within a competitive landscape where premier quant and multistrategy hedge funds are establishing or expanding Asia Pacific operations, particularly in Hong Kong, which remains the region's primary financial hub.

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Sources

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AlphaMaven summarised this story from the reporting below. Each link opens the original article.

Efinancialcareers This quant hedge fund has a thing for ex-JPMorgan VPs in Hong Kong