[ M E E T T H E D E S K | P I C T E T A S S E T M A N A G E M E N T ]
On a notional basis, the team trades more than $ 500 billion a year in fixed income, some 90,000 trades. Speaking to how they balance the leadership of the team, Frew and Guesnet explain:“ While co-heading can sometimes be seen as challenging, for us it has felt entirely natural. We bring different but complementary skill sets to the table, which allows us to advance the desk more effectively and adapt to new challenges as a team.
“ This structure also means that both of us remain actively involved in the business, while jointly managing and developing the team.”
Guesnet’ s trading career began in FX sales before expanding into FX and emerging market rates, an atmosphere which he describes as“ fast paced, demanding, and at times quite unforgiving, but also full of energy and teamwork”.
When he landed at PAM in 2012, Guesnet explains that much of the workflow was still manual and regulatory changes like Mifid II were close on the horizon. It was here that Guesnet’ s interest in automation and using technology to enhance both individual and team performance were born.
“ We are supported by a great team of both highly experienced traders, that bring a lot know-how and younger ones that come from a more tech-oriented mindset.”
PATRICE GUESNET
For Frew, his career began as an assistant swaps trader in 1993 before making his way through the sales environment in the subsequent years.
He credits this experience with building a strong foundation in market engagement, client management, and relationship building.
As Frew explains:“ In 2015, I moved to the buy-side and joined PAM, a client I had covered since 2009. This move was rooted in trust and
28 // TheTRADE // Q3 2025