State Street Appoints Head of its Business in UK, Europe, Middle East and Africa
July 08 2019 - 9:00AM
Business Wire
State Street Corporation (NYSE:STT) today announced that it has
appointed J�rg Ambrosius as head of its UK, Europe, Middle East and
Africa (EMEA) business. Ambrosius, an 18-year State Street veteran
will report to Francisco Aristeguieta, the newly appointed head of
State Street’s international business. Ambrosius will succeed Liz
Nolan who was named head of State Street’s Global Delivery team,
managing global operations and infrastructure, earlier this year.
Ambrosius will also serve on State Street’s Management Committee,
its senior-most strategy and policy making group. Ambrosius’s
appointment is subject to regulatory approval.
As head of State Street for EMEA, Ambrosius will be responsible
for all business activities in the region including driving
strategy, stewarding client engagement, developing talent,
overseeing risk management, pursuing growth opportunities as well
as managing relationships with diverse stakeholders including local
officials and regulators.
Ambrosius has more than 25 years experience in the financial
services industry. He was most recently co-head of State Street’s
Global Services business in EMEA and head of its global sovereign
wealth servicing business. In these positions he was responsible
for driving and executing business strategies, risk management
processes and delivering a ‘one State Street’ experience for
clients.
“The EMEA region is very important to us and we are proud to
have had a presence there for almost 50 years with more than 13,000
employees,” said Francisco Aristeguieta. “Throughout his career
J�rg has demonstrated successful leadership of key businesses and
teams and will now drive our EMEA strategy forward. Our clients and
the industry are at a moment of profound change and J�rg’s
track-record as a strategic partner to institutional clients, his
knowledge of complex and diverse regional regulations as well as
his experience working across broad stakeholder groups position him
perfectly for this role. I am confident he will deliver successful
outcomes for our clients and our firm.”
Ambrosius added: “I am excited to take on this new role at such
an important time for State Street, our clients and the industry.
It is vital that we are focused on providing strategic partnership
to our clients to help them navigate challenges and achieve their
objectives, while delivering on our financial commitments to our
shareholders and maintaining risk excellence. We have a very strong
platform in EMEA from which to build, and I look forward to working
with the teams across the region to drive growth and deliver
returns.”
About State Street Corporation
State Street Corporation (NYSE: STT) is the world's leading
provider of financial services to institutional investors including
investment servicing, investment management and investment research
and trading. With $32.6 trillion in assets under custody and
administration and $2.8 trillion* in assets under management as of
March 31, 2019, State Street operates globally in more than 100
geographic markets and employs approximately 40,000 worldwide. For
more information, visit State Street's website at
www.statestreet.com.
* Assets under management include the assets of the SPDR® Gold
ETF and the SPDR® Long Dollar Gold Trust ETF (approximately $33
billion as of March 31, 2019), for which State Street Global
Advisors Funds Distributors, LLC (SSGA FD) serves as marketing
agent; SSGA FD and State Street Global Advisors are affiliated.
State Street Corporation One Lincoln Street, Boston, MA
02111-2900.
© 2019 State Street Corporation - All Rights Reserved
Forward-Looking Statements
This News Release contains forward-looking statements within the
meaning of United States securities laws, including statements
about roles, responsibilities and potential of State Street’s
recently appointed head of its UK, Europe, Middle East and Africa
(EMEA) business (which appointment is subject to regulatory
approval) and associated priorities and business and shareholder
objectives. Forward-looking statements are often, but not always,
identified by such forward-looking terminology as “will,” “expect,”
“believe,” “look forward,” "priority," “objective,” “plan,”
“strategy,” “anticipate,” “intend,” “estimate,” “seek,” “may,”
“trend,” and “goal,” or similar statements or variations of such
terms. These statements are not guarantees of future performance,
are inherently uncertain, are based on current assumptions that are
difficult to predict and involve a number of risks and
uncertainties. Therefore, actual outcomes and results may differ
materially from what is expressed in those statements, and those
statements should not be relied upon as representing our
expectations or beliefs as of any time subsequent to the time that
this News Release is first issued. Important factors that could
cause actual results to differ materially from those indicated by
any forward-looking statements are set forth in our 2018 Annual
Report on Form 10-K and our subsequent SEC filings. We encourage
investors to read these filings, particularly the sections on risk
factors, for additional information with respect to any
forward-looking statements and prior to making any investment
decision. The forward-looking statements contained in this News
Release should not by relied on as representing our expectations or
beliefs as of any time subsequent to the time that this News
Release is first issued, and we do not undertake efforts to revise
those forward-looking statements to reflect events after that
time.
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version on businesswire.com: https://www.businesswire.com/news/home/20190708005465/en/
Marc Hazelton +1 617 662 1860 MHAZELTON@StateStreet.com
@StateStreet Ilene Fiszel Bieler +1 617 664 4122
IFiszelBieler@StateStreet.com @StateStreet
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