Barclays has named three executives to lead a new push in digital trading, as the world’s biggest investment banks allocate ever more resources to overhauling their legacy markets businesses.

Among them is Mauricio Sada-Paz, who will join next week from rival Bank of America Merrill Lynch as a managing director and global head of electronic product and distribution across fixed income, currencies and commodities (FICC). He most recently held a similar role at BAML.