JP Morgan
JP Morgan has named Will Jeffries as global head of sell-side trading services sales, as part of a push to enhance the firm’s international coverage and client engagement.
In his new role, Jeffries will assume the responsibility for integrating JP Morgan’s regional teams, and the Americas team will now also align with the EMEA and APAC teams and report to Jeffries.
The position marks an expansion of Jeffries’ previous capabilities at the firm, where he has been since 2019, working across both director and vice president roles leading the firm’s APAC sell-side trading services sales.
Previously in his career, he also spent over seven years at BNY, working across relationship management and sales leadership roles in Sydney and Hong Kong.
Jeffries’ role also coincides with the addition of Guy Dipper to the firm’s trading services sales team, where he will step into the position of APAC head of sell-side trading services sales.
Dipper will report to Jeffries in his new position, which will see him relocating from his current role as a vice president, tri-party relationship manager at JP Morgan in Sydney, to move to Hong Kong in early 2026.
State Street
State Street has made a number of senior appointments across Frankfurt and London, as part of an effort to bolster its partnered trading footprint in Europe.
The hires all join the firm in vice president, partnered trading, portfolio solutions positions.
Among the appointments based out of Frankfurt is Dirk Heim, who brings more than 20 years of buy- and sell-side experience to his new role. He joins the firm from UBS, where he headed up the EU Execution Hub.
Prior to this, he also worked in trading positions at firms including Quoniam Asset Management, Kepler Cheuvreux, BTG Pactual, Merrill Lynch and Goldman Sachs.
Also joining from UBS’ Execution Hub is Nicole Lindermayer, who spent more than three years at the service, most recently as a multi-asset trader.
Previously in her career, she has also worked at fintech and private equity firms, and spent over 12 years at Goldman Sachs, in roles spanning program and equity sales trading.
The additions of Heim and Lindermayer follow news in March 2025 that UBS has made a shock exit from the outsourced trading game, with its Execution Hub focussing on the bank’s global wealth management and bank for clients.
The expansion of State Street’s Frankfurt team also includes Daniel Eichhorn, who is shifting from his Lisbon-based position, where he served as the firm’s head of EU trading. He has also worked extensively across the industry, at firms including BNP Paribas, Berenberg, Aquila Capital and Baader Bank.
The appointments also include the addition of Matthew Hodges to State Street’s London office, joining the firm from Western Asset Management where he worked for over two decades, most recently as a senior trader and senior portfolio analyst.
Kepler Cheuvreux
Andrew Alder has joined Kepler Cheuvreux’s execution platform, KCx, as a portfolio trading (PT) sales trader, to help build out the firm’s execution footprint.
Alder will be based out of London in his new role, and will work alongside a team which spans key financial centres across Europe, the US and the Middle East, including Amsterdam, Dubai, Madrid and New York.
Speaking to The TRADE on the appointment, Bobbie Port, global head of low touch and portfolio trading said: “As we continue to advance our strategic priorities, portfolio trading remains a key area of focus for us. Bringing Andrew on board will play an important role in driving this strategy forward at KCx.”
Alder joins the firm from Barclays Investment Bank, where he spent the last eight years, most recently as a director, EMEA equities electronic sales trading.
Previously in his career, he also spent more than 10 years at Instinet, in senior roles spanning global portfolio trading, product sales.
Prior to this he also worked at UBS, joining the bank in an operations-based role in 1997, before moving on to global portfolio trading and restructuring positions in locations spanning London and Stamford in the US.