Banking News

Barclays Poaches New Head of Markets Innovation from Goldman Sachs

(21 Aug 2018 - United Kingdom) 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.

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, seeking to implement artificial intelligence (AI) and machine learning technologies on trading platforms. Brickwood has spent the past 20 years at Goldman Sachs, most recently as head of electronic trading engineering for the equities execution services desk and will 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 will officially join Barclays in London next month and he will report to John Stecher, who is currently the bank’s CIO. Barclays has announced several promotions as the bank seeks to implement its digital strategy across the markets business. Barclays has made several key senior promotions within the corporate and investment banking unit with the aim to digitise its markets business. The digital strategy is a priority for the bank and with advancements in technology, Barclays announced that it will be implemented to defend the business and to pursue new revenue opportunities. The bank expanded the responsibilities of Al-Khudairi to oversee the global markets electronic platforms. Al-Khudairi joined Barclays in February after nearly 20 years with Credit Suisse leading several businesses and having held a number senior roles, including head of European cash equities and head of cross asset electronic trading.

“This is an exciting time for markets as we implement our digital strategy and evolve our business to succeed in the future. 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” commented Tim Throsby, President and CEO of Barclays. “Nas will work in partnership with our electronic teams across asset classes to ensure we have a consistent approach with a strong commercial focus as we develop our capabilities and deliver our electronic platform strategy.” Al-Khudairi stated “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.”