JP Morgan has beefed up the senior management team of its global equities business with the appointment of Rachid Alauoi as its new head of global volatility, according to an internal memo seen by SRP.

Alauoi is charged with overseeing the equities trading businesses across flow, exotics and non-linear corporate derivatives segments. Alauoi’s appointment is a promotion as he has spent the last 14 years at JP Morgan holding various positions across the derivatives trading team, most recently as head of Europe, Middle East and Africa (Emea) equities exotics and index flow trading. Alauoi replaces Fater Belbachir who left the US investment bank a few weeks ago. Belbachir joined JP Mor

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