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J.P. Morgan re-hires electronic trading tech guru at loftier title

electronic trading, e-trading, trading algorithms, banking technology, trading technology, IT

Electronic trading technology has become increasingly important for banks.

J.P. Morgan has re-hired a senior technologist who jumped across to a managing director role at Deutsche Bank in New York nearly eight years ago.

J.P. Morgan has just re-hired David Winig as a managing director and the global head/CIO of market data services, core trading technology and electronic trading infrastructure. He worked as an executive director at J.P. Morgan during the height of the financial crisis in 2008 and 2009.  He left to join Deutsche Bank as a managing director, the Americas head of high-frequency algorithmic trading IT and the CIO of the corporate banking & securities (CB&S) unit’s core trading technology.

After graduating with a degree in computer and electrical engineering and microprocessor design from Carnegie Mellon University, Winig joined mobile phone manufacturer Motorola as a software developer and then Bloomberg as a vice president of development. From there, he became CIO of ecommerce online retailer Crosslinks, followed by a stint as a VP of development at IT service provider Exigen Group. He joined Bear Stearns in 2005 and subsequently rose up through the ranks to principal and managing director.

Around this time last year, J.P. Morgan employed 40,000 technologists – an increase of 10,000 over two years – and said that it planned to continue hiring thousands more technologists worldwide. Market data services and electronic trading infrastructure are two important areas of focus for the bank.

While Deutsche Bank was not able to hold onto Winig, the German bank has been defying the announced hiring freeze by continuing to bring on senior technology talent.

For example, last month Deutsche hired Chris Barker away from Royal Bank of Scotland to serve as its CIO for group information and records management – he’s now in charge of big data management, eDiscovery and archiving at the bank.

Photo credit: hh5800/GettyImages

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