The former head of equity execution at Citadel has been appointed head of statistical modelling and development for equities at Barclays.
Daniel Nehren will oversee the development of algorithmic trading product and model-based business logic for the investment bank’s equities division globally.
Prior to his time at Citadel, where he was responsible for equity execution for asset management, Nehren spent more than five years at JP Morgan as global head of linear quantitative research.
He started his career at Goldman Sachs leading a team of senior architects in designing a distributed trading platform for the equities and fixed income businesses.
Stephen Dainton, global head of equities at Barcalys, explained Nehren’s 16 years of experience makes him an “exceptional addition” to the team.
“His arrival underscores our commitment to delivering world-class electronic execution capabilities that will evolve with our clients’ diverse and wide-ranging needs,” Dainton added.