In his role, Mr Marques will oversee product development, distribution and marketing, technology, and the continued expansion of the equity electronic trading platform.

He joined Deutsche Bank from Credit Suisse, where he was a MD in the alternative execution products group. He has 15 years of industry experience and has held senior electronic trading roles at Morgan Stanley and Goldman Sachs.

Mr Karofsky said: “We are delighted to welcome Jose and confident that he will spearhead our significant investment in electronic trading, building on our recent successes, as we strive to achieve a market-leading position in this rapidly evolving industry.”