State Street has named Joerg Ambrosius – currently executive vice president and chief commercial officer – as president of Investment Services, State Street’s largest business.
Ambrosius assumed an expanded role in October 2023 with overall leadership of investment services’ client-facing activities and responsibility for its international organisation.
Mostapha Tahiri, also appointed in October 2023, will remain as State Street’s chief operating officer. Ambrosius and Tahiri will continue to report directly to O’Hanley.
Ron O’Hanley, chairman and chief executive officer of State Street, said: “Joerg is a proven leader whose deep strategic insights, breadth of experience, and client focus distinguish him and will best position State Street to support our clients today and into the future. He has been instrumental in driving our Investment Services growth agenda and delivering deep client satisfaction and strong results.
“I am confident in our Investment Services strategy to deliver distinctive value to our clients. Joerg’s appointment, coupled with Mostapha’s focus on operational excellence and productivity for the benefit of clients, demonstrates State Street’s commitment to leadership and value creation in this market,” O’Hanley added.
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