Discover your dream Career
For Recruiters

Jump trading's London head has left and is considering his options

Jump Trading, the electronic trading firm, is understood to have lost the head of its London office. It's not clear what he is doing next.

Pierre Lafitte, a quantitative trader and team leader in Jump's London office, was initially understood to have left for Qube Research and Technologies, but is said to be considerng his options. Neither Lafitte nor Jump nor Qube responded to a request to comment.

Lafitte spent nearly 12 years at Jump after joining from BNP Paribas in 2012. He's a graduate of France's École Polytechnique.

Lafitte's London office exit follows that of Peter Deaner, the COO of Jump Trading Europe. Business Insider reported last year that Deaner was planning to leave in the first quarter of 2024. 

The exits follow but may not be related to a court case last year in which Damien Couture, a French quant trader hired by Jump on £1m guaranteed bonus in 2015 said he was being unfairly prevented by joining hedge fund Verition by Jump's two year non-compete. 

Now Lafitte is joining a hedge fund too. It may be a while before he's allowed to arrive.

 Have a confidential story, tip, or comment you’d like to share? Contact: sbutcher@efinancialcareers.com in the first instance. Whatsapp/Signal/Telegram also available (Telegram: @SarahButcher)

Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Eventually it will – unless it’s offensive or libelous (in which case it won’t.) 

 

 

author-card-avatar
AUTHORSarah Butcher Global Editor

Sign up to Morning Coffee!

Coffee mug

The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.

Boost your career

Find thousands of job opportunities by signing up to eFinancialCareers today.
Recommended Articles
Recommended Jobs

Sign up to Morning Coffee!

Coffee mug

The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.