Carl Carrie, global head of algorithmic trading at JPMorgan, has left the bank and is currently on gardening leave before embarking on a new venture.
During his seven years at JPMorgan, Carrie ran algorithmic market making as well as Neovest, the bank's wholly owned software subsidiary.
Whilst at the firm he has also been a board member or advisor to several outfits in which JPMorgan has invested, including the Boston Stock Exchange, Bats, Ise and Tradeweb.
Before joining JPMorgan, Carrie founded and was president of New York-based financial technology provider, TheBeast.Com.
Carrie, who is now on leave until September, told Finextra he is "exceptionally excited" about his new position but refused to disclose his next destination.
Says Carrie: "There is an enormous new opportunity to accelerate technological innovation, create sustainable ROI growth and ultimately be the market benchmark."