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State Street Corporation Appoints Joerg Ambrosius As President of Investment Services

Aug 12, 2024•11 months ago

Position

President

Company

State Street

Joerg Ambrosius
BostonFinancial Services

Description

Joerg Ambrosius, executive vice president and chief commercial officer, has been appointed as the president of Investment Services, State Street’s largest business. Mostapha Tahiri will remain as State Street’s chief operating officer.

Company Information

Company

State Street

Location

Boston, Massachusetts, United States

About

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 $37.6 trillion in assets under custody and/or administration and $3.6 trillion* in assets under management as of March 31, 2023, State Street operates globally in more than 100 geographic markets and employs approximately 43,000 worldwide. For more information, visit State Street's website at www.statestreet.com. *Assets under management as of March 31, 2023 includes approximately $59 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. Investing involves risk including the risk of loss of principal. © 2023 State Street Corporation - All Rights Reserved

Executive Insights

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New executive impact window
87% of new executives make significant technology decisions within first 100 days
Budget influence
C-level executives control 73% of technology spending decisions
Transformation catalyst
65% of new senior hires launch digital transformation initiatives
Vendor review timeline
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