Former Clear Street managing director Luke Holmes has joined JP Morgan as an executive director in equity sales trading.
Holmes joins the firm following his departure from the US broker in July 2025, where he had served as a managing director for high-touch sales trading for nine months.
His departure came alongside several other cuts, as the sell-side shop looked to trim its UK presence just eight months after it bolstered its unit to drive expansion in the region, following its UK launch and FCA approval in December last year as revealed by The TRADE at the time.
Prior to joining Clear Street, Holmes worked extensively across equity sales trading, serving at firms including Kepler Cheuvreux, where he headed up the division for US clients, as well as Sanford C. Bernstein, and Goldman Sachs, where he began his industry career.
Holmes confirmed his new role in an announcement on social media.
Holmes’ new role follows a swathe of departures from Clear Street over the last few months, with the most recent appointments of Alastair Mankin and Charlie Hawkesworth to BTIG in September, as the firm looks to build out its event-driven offering, as revealed by The TRADE.
The move also marks a further hire for JP Morgan, which in August unveiled a new global structuring management team consisting of multiple senior staff promotions and cross-asset role expansions.
The new offering is set to unify the previously separate structuring teams across sales, trading and banking, and addressing the evolving needs of JP Morgan’s institutional clients through providing solutions.
JP Morgan had not responded to a request for comment at the time of publication.