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Barclays hires electronic trading supremo from JPM

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By Richard Metcalf
12 Jul 2021

Barclays has hired a senior trader from JP Morgan in New York to replace Naseer Al-Khudairi as head of electronic trading and digital strategy for its markets division.

The appointee, Peter Ward, was previously global head of futures and options trading at JP Morgan, where he had worked for the past 11 years. In his new role, starting in September, he will report to CS Venkatakrishnan, global head of markets and co-president of Barclays Bank PLC.

Al Khudairi, who is based in London, left Barclays in June. He had been in the job for a little over three years, having been hired in 2018 from Credit Suisse, where he was head of EMEA cash equities and global electronic trading. He could not immediately be reached for comment and his plans could not be learned.

The personnel change at Barclays comes just under a year after Venkatakrishnan took over from Stephen Dainton as global head of markets.

A source at the bank said that Ward would be responsible for driving forward the British bank's "electronic agenda", including the development of BARX, its electronic trading platform.

It will not be his first time working in electronic trading at Barclays. A former futures and options product manager at Lehman Brothers, he stayed on after Barclays acquired the business in 2008, working on electronic trade execution platform RealTick until Barclays sold it to fintech company ConvergEx in 2010. It was then that he landed a job at JP Morgan.

By Richard Metcalf
12 Jul 2021