Balyasny Asset Management has hired Bank of America’s global head of fixed income, commodities and currencies (FICC) technology, as the hedge fund continues to strengthen its senior technology leadership following a strong year of performance, according to a report by eFinancial Careers.
Dhairyasheel Deshmukh, formerly global head of FICC technology at Bank of America, has joined Balyasny Asset Management as head of investment technology. He reports to chief technology officer Mike Grimaldi.
At Balyasny, Deshmukh is expected to oversee front-office technology teams across several investment strategies, including equities, commodities, fixed income and macro, and multi-asset arbitrage, excluding the firm’s systematic business. His remit marks a broad leadership role spanning multiple asset classes.
Deshmukh spent more than a decade at Bank of America, joining in 2010 as a managing director working on the bank’s Quartz risk management platform. He later rose to lead FICC technology globally, during a period in which the bank’s FICC division delivered solid revenue growth. He also briefly served as co-head of global markets technology architecture.
Prior to Bank of America, Deshmukh held senior roles at JPMorgan, where he was global head of equities algorithmic trading technology, giving him experience across both equities and macro-oriented platforms.
The hire comes as Balyasny looks to build on a strong 2025, when the multi-strategy hedge fund returned 16.7%, outperforming several peers, though trailing some of the industry’s top systematic and quantitative managers.
