Andrew Black joined Pioneer Investments in 2014 as a senior trader, joining a team of just
seven in Dublin.
With such a small team around him, he believes
the comradery with his fellow traders has helped
his division become so successful. Drawing on from
his rugby playing days, it has helped Black become
a team player and bring his skills to the forefront.
After gaining his undergraduate degree at Heriot-Watt University in Edinburgh, he started at Martin
Currie as a dealer, working on the Asian and
Emerging Markets desks. He later moved on to the
European and US trading desks, while also trading
in FX markets.
In 2008 at the height of the financial crisis, he
joined hedge fund TCI Fund Management as a
senior trader, and then became a partner. During
his time, he headed up the trading desk for the
fund’s global equities portfolio, which at its peak
managed around $19 billion in assets. It was at the
fund that Black also gained experience trading in
credit, single stock, index derivatives, and fixed
Now four years on since joining Pioneer, Black
has been responsible mainly for its equity
derivatives trading strategy. Although it may seem
only short period of time since joining, Black has
been surprised as how significantly the trading
desk has changed.
“Over the last four years we have gone from
barely trading anything electronically to 45-50% of
our trading using algos,” says Black.
He says he is pleased with the pace that Pioneer
has evolved with the changing trading
environment, and wants to continue the drive with
increased electronic usage and analytics. n
n Rising Stars Of Trading & Execution 2016
Fixed Income and FX Trader
Alan is a FX and Fixed income trader at Pioneer investments in Dublin Ireland.
Shortly after joining Pioneer Alan was a key
member of a project investigating how to improve
their 3rd party FX. The project took 6 months to
complete and involved liaising with many
stakeholders both internally and externally. The
team achieved their objectives of greater
transparency and better execution.
Alan currently works on a dynamic global
execution desk as a Senior Fixed Income trader
based in Dublin. Pioneer provides a best in class
execution across Government Bonds, Corporate
Bonds, FX, both listed and OTC Derivatives (rates,
FX & credit) to its PM’s and analysts.
To Alan, the biggest issue facing his industry is
regulation. Alan claimed that being a global asset
manager operating in different jurisdictions made
him subject to many regulations which are
evolving all the time. He stated this adds to the
complexity of execution as some funds will have
different rules to satisfy. Alan believes it’s very
difficult to keep up to date with the evolving
regulations whilst working on a busy execution
desk. This prompts Alan to individually join his
peers at buy side forums to keep abreast and
share the difficulties he says.
Alan likes to keep active outside work. He play’s
football twice a week in a social level league in
addition to the occasional game of squash. n