Chief Operating OfficerMillennium Management
Managing Director+5000 employeesManage a global division responsible for providing financing, clearing & settlement and execution services to the firm's most important clients. In this capacity set direction and manage the day-to-day activities of a team that includes over 1,300 colleagues across the front office, technology and operations. In addition, serve as co-CEO for Barclays Capital Inc., the U.S. Broker Dealer for Barclays Bank Plc. Executive Sponsor of SPECTRUM in the U.S., Barclays LGBT network. Member of Global Partnership Committee. Senior sponsor for recruiting at Brown University.
Kennedy School of Government - Harvard UniversityMPP
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Financial executive Ajay Nagpal has transitioned from a successful career in investment banking to become Chief Operating Officer for Millennium Management, which he joined in July 2013. Nagpal brings more than two decades of experience in investment banking to the global investment management company. The firm uses state-of-the-art risk management and trading infrastructure and employs a broad array of trading and investment strategies that have produced returns that have not been correlated to the general market. In his role as Chief Operating Officer, Ajay Nagpal is part of a team that has responsibility for more than $23 billion in assets and 1,600 employees around the globe.
Nagpal attended Brown University, where he graduated with honors with a Bachelor of Arts in International Relations and South Asian Studies. Subsequently, Ajay Nagpal enrolled at Harvard University's Kennedy School of Government, where he earned a Master of Public Policy and published a paper on commercial real estate and impact fees.
Following the receipt of his advanced degree, he joined J.P. Morgan, ultimately becoming a Managing Director and Head of its Municipal Derivatives unit. After a period as Head of Fixed Income Derivatives Marketing for Financial Institutions, Nagpal moved to Lehman Brothers as Managing Director and Head of Liquid Market Sales in Fixed Income. He remained with the firm, where he ultimately became Global Head of Equities Sales, until Barclays purchased the U.S. operations of Lehman Brothers in 2008. Before joining Millennium Management, Ajay Nagpal spent five years at Barclays as Head of Prime Services.