As it builds up its trading business, Barclays is understood to have hired Asita Anche, a former managing director in Goldman Sachs' fixed income systematic market making division.
Anche joined Goldman as a managing director from Millennium Capital in 2010 after previously spending five years at Citadel Securities. A comparatively rare woman in the world of quantitative trading, Anche is one of the top algorithmic traders in London. Contrary to expectation, she didn't make partner in Goldman's last round of promotions and quit the firm earlier this year.
Barclays declined to comment. Anche's appointment comes as the bank seeks to strengthen its trading business following the appointment of ex-J.P. Morgan banker Tim Throsby as head of the investment bank and the ejection of Joe Corcoran, former global head of markets and head of markets Americas.
It's not clear whether Anche will be based in London or NYC. Her specialty lies in fixed income algorithmic trading.
Barclays appears to be upgrading across the board: last month it hired Robert Tzucker from UBS as head of U.S. inflation trading.
Barclays insiders say the bank needs to focus on rebuilding equities electronic trading too after that business was decimated by the 2014 dark pool scandal. Earlier this month, Joseph Mecane the ex-head of electronic equities trading at Barclays, who joined in late 2014 after the dark pool lawsuit had already been filed, quit for Citadel Securities.