Key Takeaways
- • Gauthier Amiot, UBS's global head of exotics trading, has joined Millennium Management's London office as deputy head of global volatility arbitrage, marking a significant talent migration from a major investment bank to a leading multi-strategy hedge fund.
- • Amiot brings eight years of UBS experience and a distinguished pedigree, having progressed through SocGen and Goldman Sachs before joining UBS, with credentials including an École Polytechnique education.
- • The hire reflects Millennium's ongoing London-based equities expansion under Peter Santoro, co-head of equities, who has been actively building out this division as the hedge fund accelerates growth.
- • French equity derivatives traders have become a sought-after cohort in 2026, signaling particular demand for specialized volatility and exotic derivatives expertise in the hedge fund sector.
- • UBS faces replacement pressure in a competitive hiring market following Amiot's departure, as elite exotics trading talent becomes increasingly mobile between institutions.
Summary
Gauthier Amiot, UBS's global head of exotics trading, has transitioned to Millennium Management as deputy head of global volatility arbitrage, based in the firm's London office. The move, confirmed via Amiot's LinkedIn profile, represents another data point in the ongoing recruitment dynamics between major investment banks and top-tier hedge funds competing for specialized derivatives talent.
Amiot's career trajectory underscores the caliber of talent Millennium is targeting. He is a French national who attended École Polytechnique and has built a progressive career spanning SocGen, Goldman Sachs, and most recently UBS, where he spent eight years. This background positions him as precisely the type of equity derivatives specialist that has become increasingly valuable in 2026, according to the reporting.
The hire aligns with Millennium's broader London expansion strategy. Peter Santoro, co-head of equities at Millennium, has been actively building out the London equities division, and Amiot's appointment as deputy head of global volatility arbitrage reflects this strategic focus. Volatility arbitrage is a specialized discipline that trades discrepancies between expected future prices of assets—a domain where deep technical expertise and institutional experience prove critical.
For UBS, the departure creates a replacement challenge in an already congested hiring market. While the bank retained Amiot for eight years, the competitive pressure for elite exotics and derivatives talent remains intense, particularly as hedge funds scale operations and seek specialist capabilities unavailable through organic development.
Neither Millennium nor Amiot confirmed the move to press inquiries, though the LinkedIn profile disclosure serves as the primary evidence base for this development.
Amiot's career trajectory underscores the caliber of talent Millennium is targeting. He is a French national who attended École Polytechnique and has built a progressive career spanning SocGen, Goldman Sachs, and most recently UBS, where he spent eight years. This background positions him as precisely the type of equity derivatives specialist that has become increasingly valuable in 2026, according to the reporting.
The hire aligns with Millennium's broader London expansion strategy. Peter Santoro, co-head of equities at Millennium, has been actively building out the London equities division, and Amiot's appointment as deputy head of global volatility arbitrage reflects this strategic focus. Volatility arbitrage is a specialized discipline that trades discrepancies between expected future prices of assets—a domain where deep technical expertise and institutional experience prove critical.
For UBS, the departure creates a replacement challenge in an already congested hiring market. While the bank retained Amiot for eight years, the competitive pressure for elite exotics and derivatives talent remains intense, particularly as hedge funds scale operations and seek specialist capabilities unavailable through organic development.
Neither Millennium nor Amiot confirmed the move to press inquiries, though the LinkedIn profile disclosure serves as the primary evidence base for this development.
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