Co-head, absolute return
government bonds team
Earlier this year, Paul Shanta was
named Old Mutual Global Investor’s
co-head of its absolute return government bond (ARBG) team, following
the departure of Russ Oxley.
Shanta is no stranger to the
big stage, after representing the
Scottish national team in basketball.
A senior member of the Old Mutual
portfolio management team since
2015, Shanta was instrumental to the
launch of the new trading desk, as
well as its current strategy.
Shanta began his career at
Resolution Asset Management in
2008, which later became Ignis Asset
Management, after coming out of uni-
versity with a degree in maths, statistics
and finance. Joining the government
bond fund team as an assistant port-
folio manager, he later became part of
a newly launch pension fund, manag-
ing around £1.5 billion. He became a
specialist in complex products, and
became responsible for trading futures,
inflation swaps and other derivatives.
“[It was] a natural fit for me to
focus on that rather than become a
bond portfolio manager because of
the focus it has on more complex
products. It allowed me to specialise
in the inflation and options trading
space,” Shanta recalls.
In 2014 following the acquisition of
Ignis by Standard Life Investments, he
decided to leave and join Old Mutual,
managing a portfolio worth £500 million and trading similar products.
Now as co-head of the ARBG,
Shanta says derivatives will be a key
to the team’s trading strategy.
“Derivatives provide us a platform
to find opportunities in mispricing
and to take advantage of that.” n
Co-head of trading
APG ASSET MANAGEMENT
Jan Mark Van Mill has worked at
APG, the asset management arm
of Dutch pension fund APB, for his
whole 16 year career.
Starting as a trainee on the trading desk as an equity execution
analyst, he later became a trader in
equities and equity derivatives.
In 2003, he became part of the
fund management team, looking after
its commodities portfolio and helping
it grow its assets under management
from one billion euros to 10 billion
euros. After two years Van Mill came
to the realisation that his calling was
“It gave me a good view of both
sides of the trading firm – with
experience in both trade and execu-
tion and in fund management. After a
time, I concluded I preferred trading. I
feel trading is 80% about action and
20% research, whereas fund management is the other way round. I liked
the interaction with banks and the
thrill of deal making,” he says.
After moving back to the trading desk as a senior trader, Van Mill
expanded his reach by also trading
in commodities and long-only rate
derivatives markets for its pension
Then in 2010 he was named co-
head of trading, becoming responsi-
ble for all trading with over 450 billion
euros in assets under management
for Dutch pension funds.
It was at this time that Van Mill
led the team’s expansion into multi-
asset, expanding into FX, futures,
credit and fixed income derivatives.
“We wanted to build out the trad-
ing desk and become responsible for
implementing new trading strategies.
We gradually built it out to become
a fully functional multi-asset trading
desk,” he says.
He sees the future of the trading
desk being increasingly influenced
by the electronification of markets.
“It is moving from equities and into
FX, futures, fixed income where elec-
tronic execution is rapidly evolving.
With banks being less able to provide
liquidity, the structure of markets is
changing and will be in constant flux.
“I hope to see more end-to-end
user trading through electronic platforms. This will be extremely important
in fixed income and repo trading.” n