Frank Troise, formerly head of equities electronic trading product at Barclays Capital, has joined rival broker J.P. Morgan as head of its Electronic Client Solutions (ECS) division for equities.
Troise will oversee J.P. Morgan’s electronic trading business including product management, distribution, direct market access, algorithmic trading, electronic liquidity management and market structure. He will be based in New York and report to Carlos Hernandez, the firm’s head of global equities.
In his role at BarCap, Troise’s responsibilities included global product management for the electronic trading of equities and listed options. Before joining BarCap, Troise worked at Lehman Brothers from 2005 to 2008 and agency broker ITG from 1997 to 2005.
“Frank has tremendous experience in the electronic markets and has been at the forefront of delivering client solutions in this evolving space,” said Hernandez in a statement. “We look forward to having him grow our Electronic Client Solutions platform into a market leading offering to better serve our clients.”
Troise is the latest of a series of hires J.P. Morgan has made as it refocuses its efforts on electronic equities trading and its Prime Services division. The firm has recently appointed Michael Green as named head of equities in Tokyo and Electronic Client Solutions in Asia and Olushola Olateju, who now leads J.P. Morgan’s global electronic trading technology team.