Piper Sandler Companies announced the hiring of Rich Steiner as managing director and head of global market structure and algorithmic trading strategies. In addition, Ashley Teti joins the firm as a director in equity algorithmic sales. Steiner will be based in Atlanta and Teti will be located in New York.

Prior to joining Piper Sandler, Steiner worked for Royal Bank of Canada for 14 years in various equity roles. Most recently, he served as head of global market structure, responsible for managing the global franchise and optimizing the trading platform. Prior to RBC, he spent three years at BNP Paribas as head of product development, algorithmic sales and global execution services.

Teti was previously with RBC in cross-asset electronic sales where she focused on increasing client adoption of electronic capabilities across equities, foreign exchange markets, futures and rates. Prior to RBC, she was a sales director at OpenFin, a financial software development organization. Prior to that, she was in sales and trading at Liquidnet, a global institutional investment network.