Barclays hires Goldman Sachs trading engineer for innovation role

Goldman Sachs engineer will look to implement artificial intelligence and machine learning technologies on trading platforms.

The former head of equities electronic trading engineering for Europe at Goldman Sachs has been hired by Barclays as head of markets innovation in a newly-created role.

Justin Brickwood will join Barclays in September to drive client-focused innovation across the bank’s markets electronic services and increase the efficiency of trading platforms.

He will also work alongside the markets and technology teams, as well as Nas Al-Khudairi, global head of electronic equities and head of cash equities for EMEA at Barclays, to incorporate artificial intelligence technology, machine learning and optimisation techniques.

Brickwood has spent the past 20 years at Goldman Sachs, most recently as head of electronic trading engineering for the equities execution services desk. 

“Justin’s extensive experience and expertise will be instrumental as we evolve the markets business for future success and develop Barclays’ electronic capabilities to significantly enhance our client offering,” said Khudairi.

Barclays recently made several key appointments within the corporate and investment banking business to digitise the markets business. Khudairi’s responsibilities were expanded to oversee the global markets electronic platform just months after he joined Barclays from Credit Suisse in February.

The UK investment bank added that it will continue to selectively hire in the corporate and investment banking business as exceptional talent becomes available, specifically targeting areas in which the bank sees opportunities for growth.

Tim Throsby, president and chief executive of Barclays, commented that implementing the digital strategy for markets is a key priority.

“This is an exciting time for markets as we implement our digital strategy and evolve our business to succeed in the future,” he said. “The digitalisation of the markets business is a key priority for us in order to provide the best service for our clients and deliver sustainable returns for our shareholders.”

Brickwood will officially join Barclays in London next month and he will report to John Stecher, who is currently the bank’s chief innovation officer.