Pico welcomes co-CEO to assist with next phase of growth

Pico, a technology services provider for the financial markets community, has hired Frank Troise as co-chief executive officer alongside chairman and founder, Jarrod Yuster. Troise will partner with Yuster to build on Pico’s strong foundation and accelerate further expansion.

“I am excited to have Frank join Pico as my partner and look forward to working side-by-side with him to drive the firm’s next level of global scalable growth,” says Yuster, Pico founder and CEO. 

“As a trusted industry colleague for close to two decades, Frank has demonstrated a relentless focus on stellar client experience along with operational excellence. Frank has a proven track record of building high performance global organisations and will be instrumental in achieving our vision. Frank has been a reliable and valued board member over the past year, and am confident he will greatly contribute to Pico and our clients.”

Troise is an accomplished CEO in electronic trading and financial technology for global businesses. He brings industry insight and expertise to support and accelerate Pico’s mission and build on Pico’s strengths. Troise most recently served as the president and CEO of Investment Technology Group (previously NYSE:ITG), a global financial technology innovator and brokerage solutions provider. Prior to joining ITG, Troise was a managing director at JP Morgan, serving as head of JP Morgan Execution Services, a global multi-asset electronic execution group within the investment bank. Prior to this, he was a managing director at Barclays Capital and at Lehman Brothers. Troise has been on the board of directors of Pico since September of 2019 and will continue in that capacity.

“Through consistently anticipating market requirements and investing in innovative technologies, operational excellence and expanding into new global markets, Pico sets the benchmark for technology services in financial markets,” says Troise.

“Pico is a dynamic firm with deep and broad expertise across financial markets. Pico plays a significant role in equipping clients with the leading edge technology solutions required to thrive in financial markets. I look forward to working with Jarrod and the team to build on Pico’s strong foundation and achieve the next level of growth at Pico.”

This new appointment is the latest in a series of actions Pico has taken to realise its mission. In 2018, Pico made a major investment to build the industry’s most globally comprehensive low-latency network interconnecting all major financial data centres in the world. Today Pico has presence in all major market centres globally and stands unique in the ability to offer clients up to 100 Gigabit per second native bandwidth access underpinned by a pure optical backbone network. In 2019, Pico acquired Corvil, a leading provider of data analytics for clients who trade electronically. The combination of Pico’s infrastructure and data services with Corvil analytics, has transformed the ability to maximise trading outcome and profitability for market participants. 

Troise’s anticipated start date will be 1 June 2020.