09.17.2019

Frank Troise, Former ITG CEO, Joins Pico Board

Pico Appoints Former ITG CEO, Francis J. Troise, 
to its Board of Directors 
 
Role to support Pico as it accelerates and leads the next phase of transformation in capital markets technology services sector
 
NEW YORK, NY ‚Äď September 17, 2019 –¬†Pico, a leading provider of technology services for the¬†financial markets community¬†globally, today announced the appointment of Francis J. Troise to its Board of Directors supporting the firm‚Äôs growth and innovation trajectory.¬†
 
‚ÄúI am delighted to welcome Frank to Pico, and look forward to working alongside him as we pursue our goal to lead market share of the $50 billion financial technology services market,‚ÄĚ said Jarrod Yuster, Founder and CEO of Pico.¬† ‚ÄúFrank is an accomplished senior executive with a successful record in leading strategic, operational and technology transformations in global financial services.¬† He brings tremendous industry insight, expertise and relationships, 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.‚ÄĚ
 
Frank most recently served as the President and CEO of Investment Technology Group (previously NYSE:ITG), a global financial technology innovator and brokerage solutions provider offering trading, analytics and workflow technology to institutional asset managers, hedge funds, investment banks and broker/dealers in more than 40 global markets, including the Middle East, Latin America and China.  He has a stellar reputation for building high-integrity, high-performance teams and cultures. Frank led the vision and strategy that ultimately culminated in the successful acquisition of ITG by Virtu Financial earlier this year.
 
Prior to joining ITG, Troise was Managing Director and Global Head of J.P. Morgan’s Cross-Asset Execution Services.  During his tenure at J.P. Morgan, Troise crafted and implemented the strategy and built the global sales, trading and product management teams responsible for overhauling the global electronic equities and electronic F&O execution businesses.  The team tripled electronic equities market share in the U.S. and Europe within five years. Additionally, the team set the agenda for technical innovation in fixed income, currencies, and commodities agency execution.  Prior to J.P. Morgan, Frank held senior leadership roles in electronic trading at Barclays Capital and Lehman Brothers.
 
‚ÄúDuring my career, I‚Äôve had the pleasure of working with Pico at various stages of its growth, and have always been impressed with the clear vision, breadth of services and subject matter expertise they bring to clients,‚ÄĚ said Troise.¬† ‚ÄúI am honored to join Pico‚Äôs Board given what they have accomplished building a comprehensive global data center presence, low-latency connectivity, data and infrastructure analytics offerings while growing rapidly over the past several years. I look forward to working closely with Pico‚Äôs board of directors and top-notch executive team of innovative professionals as it continues to grow the business through its deep customer understanding, superior capabilities and focus on service excellence.‚ÄĚ
 
Troise’s appointment is the latest in a series of accomplishments for Pico over the past two years.  Most recently, Pico acquired Corvil, a market leader in real-time infrastructure analytics and machine intelligence products for financial markets infrastructure performance and operations.  With a recent focus on APAC expansion, Pico continues to make strides in its goal to be globally comprehensive in infrastructure, network and exchange connectivity, data analytics and enterprise hybrid cloud for financial services.
  
-ends-
 
ABOUT PICO 
Pico is a leading provider of technology services for the financial¬†markets¬†community globally. Clients rely on¬†PicoNet‚ĄĘ‚ÄĒa low-latency network ecosystem interconnecting major financial market centers across the globe powered by Pico‚Äôs rapid solution delivery and best-in-class analytics delivered via Corvil‚ÄĒto cost effectively accelerate their competitive advantage and extend their global reach.‚ÄĮ To learn more about Pico, please visit¬†http://www.picotrading.com/.¬†
 

Related articles