Morgan Stanley equity sales trading executive to join Goldman Sachs in Frankfurt

Sara Woerner will join Goldman Sachs from Morgan Stanley in September to lead equities execution for Germany and Austria.

A senior equity sales trading head for Germany and Switzerland at Morgan Stanley is set to depart for a more senior trading role at rival investment bank Goldman Sachs.

Sara Woerner will join Goldman Sachs in September as managing director to head up the equities execution business for Germany and Austria, a spokesperson at Goldman Sachs confirmed.

She will report to Michael Schmitz, co-head of the bank’s securities division in Germany and Austria, and Daniel Mallinson, head of EMEA execution services.

Woerner was most recently executive director for equity sales trading for Germany and Switzerland at Morgan Stanley, specialising in cash, electronic and program trading. Prior to Morgan Stanley, she worked as an associate at JP Morgan, also for cash, electronic and program trading.

Last year, Goldman Sachs confirmed plans to increase diversity across its business, with a number of measures introduced in Germany specifically to promote its top existing female talent to more senior roles. An internship scheme was also introduced by Goldman Sachs in Germany in a bid to attract more female staff.  

The US investment bank has recently been focusing on its new Marquee platform for institutional investors, described as being the ‘digital storefront’ of Goldman’s securities division. Marquee allows users to hedge portfolio risk and execute trading strategies across multiple asset classes, alongside market intelligence, risk analytics and proprietary datasets.

Goldman Sachs teamed up with Bloomberg to integrate its reference and pricing data with the platform. The partnership will see Goldman Sachs become the first global investment bank to offer Bloomberg’s data through in-house applications. Marquee users that are also Bloomberg clients will be able to license and download the data directly from the platform.