JP Morgan's head of European electronic equity trading is swapping London for New York to take charge of the Americas side of a global unit that the bank has grown from a self-declared "laggard" into a top-tier player in recent years.

Brian Pomraning will relocate to run the Americas electronic equities trading business, known internally as electronic client solutions, from August 1, according to an internal memo seen by Financial News that was sent to JP Morgan staff on March 29 by Daniel Ciment, global head of equities electronic trading, and Tim Johnston, head of Emea cash equity trading.