Pico has appointed former Investment Technology Group (ITG) CEO Francis J. Troise to its board of directors with the remit to support the company’s growth and innovation. The addition of Troise follows Pico’s recent acquisition of Corvil, which created a powerhouse combining Pico’s managed trading technology services and Corvil’s monitoring services and real-time performance analytics.
At ITG, Troise led the strategy that culminated in the successful acquisition of ITG by Virtu Financial earlier this year. Before joining ITG, Troise was managing director and global head of J.P. Morgan’s cross-asset execution services. At J.P. Morgan, he implemented strategy and built global sales, trading and product management teams that overhauled the firm’s global electronic equities and electronic futures and options execution businesses. Troise’s team also set the agenda for technical innovation in fixed income, currencies, and commodities agency execution. Prior to J.P. Morgan, Troise held senior leadership roles in electronic trading at Barclays Capital and Lehman Brothers.
Jarrod Yuster, founder and CEO of Pico, comments: “Frank brings tremendous industry insight, expertise and relationships to Pico, having held numerous senior leadership positions in electronic trading and financial technology for global businesses. He will be immensely helpful in advising our executive team on the continued global expansion of our business and further client penetration across investment banks, institutional asset managers and hedge funds.”