Barclays Capital, the investment banking division of Barclays, has appointed Bill White as new head of Equities Electronic Trading.

White will be based in New York and report to Joseph Corcoran, head of Equities Trading, and Richard Cunningham, head of Equities Distribution.

White was previously head of the firm’s Designated Market Makers (DMM) business at the New York Stock Exchange.

White’s position will now be held by Evan Solomon, a director in the firm’s DMM business, who will report to White.

By working with other business heads from the Equities division, White will manage the firm’s integrated strategy across electronic product development, the distribution of those products to clients, and liquidity aggregation and provision.

Corcoran said that Bill has successfully grown the DMM business to become the leading market maker on the NYSE. The clients will benefit from his expertise in product development, service and distribution as Barclays Capital continue the work to be a premier destination for liquidity across the equities markets.