Barclays Capital, the investment banking arm of UK bank Barclays, has promoted Brian Fagen to head of global equities electronic trading distribution.
Fagen, who was previously co-head of Americas liquid market sales at BarCap, had his responsibilities redefined following the departure of Frank Troise, formerly head of equities electronic trading product at the firm.
Troise was appointed to lead J.P. Morgan’s Electronic Client Solutions division for quities at the beginning of the year.
Both Troise and Fagen worked at Lehman Brothers at the time of the bank’s collapse in September 2008 and were subsequently kept on at BarCap after it bought Lehman’s North American assets. Since integrating Lehman’s US business, BarCap has sought to re-establish its multi-asset electronic execution platform.