Rothschild & Co has recruited a new head of market structure and strategy from HSBC, according to The TRADE, which first reported the appointment.

The hire signals the French banking group's continued investment in its execution and trading capabilities at a time when European market structure is undergoing significant change. The role covers market structure analysis and strategy — functions that have grown in importance as brokers and buy-side firms navigate evolving regulations, new trading venues and shifting liquidity patterns.

The TRADE reported the appointment on Tuesday. The incoming head joins from HSBC, where market structure teams have long been regarded as among the most influential in European equities, regularly producing research on MiFID II implementation, venue dynamics and execution quality.

Market structure roles have become increasingly strategic at banks and brokers over the past decade. The positions typically involve analysing regulatory developments, venue and liquidity changes, and advising internal trading desks and clients on execution strategy. As European markets prepare for the next wave of structural change — including the potential consolidation of trading venues and the ongoing review of MiFID II — such expertise has become a competitive differentiator.

Rothschild & Co, historically known primarily for its advisory and wealth management businesses, has been building out its markets capabilities. The hire from a bulge-bracket competitor underscores the firm's ambition to deepen its presence in execution services.

The appointment comes amid broader changes in the European trading landscape. Firms across the region are reassessing their market structure strategies in response to regulatory reviews, technological change and evolving client demands for better execution outcomes and lower costs.

The new head of market structure and strategy will be based in London, according to the report.