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, and align with client demand for greater flexibility in cross-asset execution and enhanced regional support as outsourced trading begins to gain more traction across the UK and Europe.
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.
During his time as the asset manager, he upheld responsibilities such as managing risk and executing trades across cash bonds, inflation-linked securities, swaps, listed derivatives, FX, ESG and IG credit.
State Street unveiled its partnered trading initiative in March 2025, marking an evolution of the firm’s outsourced trading offering to support institutional investors with quicker and more enhanced tools for either the entirety or selected parts of the trading process.