Joerg Ambrosius Appointed President of Investment Services
State Street Corporation (NYSE: STT) announced today that Joerg Ambrosius, executive vice president and chief commercial officer, has been appointed president of Investment Services, State Street’s largest business.
Ambrosius brings more than 30 years of financial services experience, with a successful track record of leading client management, sales and revenue growth, focusing on the needs of asset managers and institutional investors. Ambrosius assumed an expanded role in October 2023 with overall leadership of Investment Services’ client facing activities and full responsibility for its international organization to better enable a differentiated client experience for clients worldwide. The appointment of a leader solely focused on the investment services business will further strengthen execution, streamline decision making, and provide clients with more effective delivery of products, services, and solutions.
“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,” said Ron O’Hanley, chairman and chief executive officer of State Street. “He has been instrumental in driving our Investment Services growth agenda and delivering deep client satisfaction and strong results.”
Mostapha Tahiri will remain as State Street’s chief operating officer. Appointed in October 2023, Tahiri has had immediate impact in positioning State Street’s enterprise global operations and technology organizations to deliver greater value for its clients and its business, as well as driving ongoing service quality and productivity improvements through transformation initiatives across the firm.
Ambrosius and Tahiri will continue to report directly to O’Hanley.
O’Hanley continued, “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.”
These changes will further position State Street’s Investment Services business for long-term success as it delivers for our clients and investors, executes on its strategy, and accelerates revenue growth.
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