Singapore-based multi-strategy manager Dymon Asia Capital has recorded a strong year, with Business Insider reporting that it posted a 16% return to November, outpacing peers including ExodusPoint and Balyasny. The firm has also scaled aggressively across teams and locations, adding 19 portfolio managers and close to 100 staff as it broadens its regional platform, according to a report by eFinancialCareers.
The most visible buildout is in Dubai, where Dymon is set to almost quadruple its office footprint just 14 months after entering the market. The firm is moving from its 12-seat DIFC space — currently home to around eight PMs — to a roughly 40-seat office in Index Tower. Dubai now sits alongside Hong Kong and Singapore as one of the manager’s key growth hubs, with additional PM hires placed across its Mumbai base and a newly opened Tokyo office.
Recent arrivals include Ayoub Spitalier, formerly a PM at Millennium in London, who joined the Dubai team in January. The firm added ex-Citadel trader and Brevan Howard PM John Koetzle in June.
Hiring has been even more active in Singapore. Dymon brought in Anass Hammedi, another former Millennium PM, in January, followed by KJ Choi in April. Choi spent 18 years at Deutsche Bank, most recently as MD and head of portfolio risk management for Asia emerging markets. In Hong Kong, the firm added Steven Chan, previously PM at Infini Capital.
Beyond front-office hires, Dymon has lifted its total headcount to roughly 350, up from around 250 eight months ago, with technology a major area of investment.
