State Street expands electronic equities and portfolio solutions offering with new hires

Incoming executives join State Street’s global markets division from Janney Montgomery Scott, Instinet, Northern Trust and BNY Mellon.

State Street has moved to expand its remit in electronic equities and portfolio solutions with the addition of four new hires.

Among them is a vice president of electronic equities, Eric Weiner, who joins the firm having previously served as a sales trader at Janney Montgomery Scott and Lazard Capital Markets, and as an equity trader at BTIG.

Also to join in an electronic equities role is Ariana Leong, who has been appointed as a product specialist after serving for two decades in a hybrid sales trading role at Instinet.

In a bid to expand its portfolio solutions remit, State Street has also appointed Joe Martinez and Sarah Kirschbaum as senior sales managers.

Martinez joins State Street after most recently serving as a strategist at Northern Trust Transition Management. Kirschbaum joins after serving at BNY Mellon and Citigroup in sales and business development roles.

The four incoming executives join State Street at a time of growth, with the bankcurrently underway with proceedings to acquire rival firm Brown Brothers Harriman’s investor services unit for £3.5 billion. State Street was also recently linked with a move to acquire Credit Suisse, but quickly refuted the rumours.