State Street Appoints Majed Al Hassoun as Head of KSA and Bahrain
16 Dicembre 2024 - 9:30AM
Business Wire
State Street Corporation (NYSE: STT) today announced the
appointment of Majed Al Hassoun as Country Head Saudi Arabia and
Bahrain, to drive and execute the firm’s Investment Services and
Global Advisors strategy.
Reporting to Oliver Berger, Head of Emerging Growth Markets,
State Street, and Emmanuel Laurina, Head of Middle East, Africa and
Official Institutions, State Street Global Advisors, Al Hassoun
will drive the firm’s Middle East growth strategy for Saudi Arabia
and Bahrain, and be responsible for the development and execution
of an enterprise-wide approach to grow State Street’s business in
these markets.
Based in Riyadh, Al Hassoun will act as CEO of State Street
Saudi Arabia Financial Solutions, subject to regulatory approval,
and will be responsible for ensuring the entity’s compliance with
regulatory and legal expectations.
Oliver Berger, Head of Emerging Growth Markets at State
Street, commented: "Our Investment Services and Global Advisors
businesses are going through a significant growth journey. We are
pleased to have Majed, whose experience and network will be
invaluable to State Street, to join us in implementing our growth
strategy in the Middle East, driving business growth as well as
strengthening our presences and connections in Saudi Arabia and
Bahrain.”
Emmanuel Laurina, Head of Middle East, Africa and Official
Institutions, State Street Global Advisors, added: “Majed has
two decades of experience in the financial services industry, and
his credential as a senior leader speaks volumes, making Majed a
great asset to the firm. We are all excited to have Majed as a
member of the core team to deliver our ambitious plan.”
Al Hassoun also commented: “State Street’s global
strength and expertise are two of the many things that truly set
the firm apart. I am thrilled to join the talented team of
investment services and asset management experts, and look forward
to working with them to create synergy across functions and further
grow our presence in the market.”
About State Street Corporation
State Street Corporation (NYSE: STT) is one of the world's
leading providers of financial services to institutional investors
including investment servicing, investment management and
investment research and trading. With $46.8 trillion in assets
under custody and/or administration and $4.7 trillion* in assets
under management as of September 30, 2024, State Street operates
globally in more than 100 geographic markets and employs
approximately 53,000 worldwide. For more information, visit State
Street's website at www.statestreet.com.
* Assets under management as of September 30, 2024 includes
approximately $83 billion of assets with respect to SPDR® products
for which State Street Global Advisors Funds Distributors, LLC
(SSGA FD) acts solely as the marketing agent. SSGA FD and State
Street Global Advisors are affiliated.
© 2024 State Street Corporation
Expiration Date: December 31, 2025 Tracking Number:
7437055.1.1.EMEA.RTL
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version on businesswire.com: https://www.businesswire.com/news/home/20241216735077/en/
Media: Michel Chau +44 (0) 7500 682982
mchau@statestreet.com
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