JP Morgan names fixed income vet as head of markets execution

Hudson replaces Frank Troise who left the bank last year to head ITG.

JP Morgan has appointed David Hudson, a veteran fixed income trader at the bank, as its new global head of markets execution.

London-based Hudson will report to Daniel Pinto, CEO of the corporate and investment bank (CIB) unit.

He replaces Frank Troise, who left the bank last year to become the new CEO of agency broker ITG.

In his role, Pinto says in a memo Hudson will be responsible for “assessing emerging trends, technologies, electronic platforms, and potential partnerships” for JP Morgan and its clients.

Hudson previously served as the bank’s chief financial officer for its global markets division. Prior to that he was a global business manager for JP Morgan’s rates and FX trading business.

The appointment of Hudson comes as Europe’s fixed income market faces radical change.

According to a recent report from the International Capital Market Association (ICMA) banks in fixed income trading face several difficulties at market participants look to adjust to new electronic trading techniques.  

The appointment of Hudson is the latest as JP Morgan looks to bulk up its London-based business. In March it moved its global clearing role from New York to London and appointed Nick Rustad to the role.