JP Morgan confirms management shake up in trading

JP Morgan confirms a new management line-up for its global equities management team.

JP Morgan’s head of equities execution services for the EMEA region is to move back across the pond as part of a shake-up of the investment bank’s equities management.

Brian Pomraning will move to head up the investment bank’s equities electronic trading team in the US, the bank has confirmed.

Daniel Ciment, a managing director at JP Morgan is to assume additional global responsibilities within the equities unit.

Sarah Heffron – previously head of electronic connectivity solutions for equities, swaps, and futures for the Americas – will now take over Pomraning’s role in Europe when he relocates on 1 August.

She will report to both Ciment and Tim Johnston, head of EMEA cash equity trading, who co-authored an internal memo outlining the changes.

It said: “[Pomraning] had built the EMEA ECS team into a top tier electronic provider that is recognised by our clients as a thought leader and a key partner in their electronic execution needs.”

In March this year, JP Morgan recruited Goldman Sachs’ Anthony Fraser as head of clearing operations, as the investment bank looks to bolster its European clearing offering.  

A spokesman at JP Morgan confirmed the changes.