Stifel has made an addition to its execution services team, appointing Matthew McNestry as managing director in low-touch trading, The TRADE can reveal.
London-based McNestry brings more than 20 years of industry experience spanning electronic trading, portfolio trading and sales to his new role, and is set to help drive the growth of Stifel’s low-touch franchise with institutional clients.
In his new position, he will report to Seema Arora, managing director and head of execution services at Stifel, who said: “Matt’s vast experience across low-touch solutions, including electronic and portfolio trading, will be instrumental in enhancing our product development and strengthening our connectivity with the institutional client base.”
McNestry joins the US investment bank from Euronext, where he spent almost five years as head of sales, global buy-side and liquidity providers.
Prior to this, he also worked at Goldman Sachs from 2014 to 2019, joining the firm in a role covering equity principal liquidity solutions, EMEA, before later becoming head of execution platform sales for EMEA.
Previously in his career, he has also worked across delta one, program sales trading and electronic trading at JP Morgan, Nomura and Lehman Brothers.
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McNestry’s appointment marks a further hire for Stifel’s execution services team in recent months. In August 2025, Darryl Willoughby joined the firm from Pareto Securities to become managing director, looking after pan-European trading.
Similarly, Stifel appointed Sarrah Chaker as a sales trader covering US markets to European clients in June, as revealed by The TRADE at the time.