Two senior technology managing directors from Goldman Sachs and JPMorgan Chase have joined hedge fund Millennium Management, underscoring the continued migration of senior banking talent into multi-strategy hedge funds, according to a report by eFinancial Careers

Katarina Hunt, previously global head of engineering for equity derivatives and equity risk at Goldman Sachs, has taken on a senior role in risk engineering at Millennium’s London office. Hunt spent more than a decade at Goldman, rising to managing director after a series of senior engineering leadership roles.

In New York, Millennium has hired James Clennell from JPMorgan, where he most recently served as global head of credit trading and risk management technology. Clennell left the bank late last year after more than 20 years and has since worked on a motorsport data platform before joining the hedge fund.

The hires reflect Millennium’s ongoing investment in technology talent as it continues to scale its multi-strategy platform and strengthen infrastructure across trading, risk and execution systems.

The firm has increasingly competed not only with traditional investment banks but also with electronic trading firms such as Jane Street, as hedge funds expand their low-latency capabilities and systematic trading infrastructure.

Millennium has also recently recruited senior figures from other quantitative and electronic trading firms, highlighting a broader industry trend in which hedge funds are aggressively targeting engineering and trading technology specialists to support increasingly complex, multi-asset strategies.