Frank Troise joined Lehman Brothers as a managing director in charge of U.S. connectivity products. Troise moved to Lehman's Electronic Execution Services Group after spending eight years with Investment Technology Group (ITG). At ITG, Troise most recently served as managing director, responsible for client site sales and trading, and as a member of ITG's management committee.

"Given the momentum Lehman has in equities, coupled with its multi-asset-class platform, it was just a natural to take the experiences of ITG to a much broader platform," says Troise of his move.

While ITG focuses strictly on equities, with a significant emphasis on U.S. equities, Troise says Lehman has the ability to offer agency execution, leverage the firm's capital and deliver an electronic platform into multiple asset classes, including options, futures and foreign exchange.

"I personally believe there is greater growth potential there, and that's where the business is heading - to electronic execution of options and futures markets," Troise adds. At Lehman, Troise will be responsible for building out the electronic execution capabilities for equities and then expanding the platform across multiple asset classes.

Troise says his priority will be to develop distribution channels for Lehman Model Execution (LMX) - Lehman's algorithmic trading platform - as well as for its direct market access (DMA) platform. He reports to Jeffrey Wecker, Lehman's managing director and head of global connectivity, and David Porelli, Lehman's managing director and head of the U.S. Execution Services Group.