The New York-based firm is aiming to become the partner of choice for hedge funds that are diversifying their prime brokers.
State Street's former head of EMEA, Liz Nolan, was named head of its global delivery team earlier this year after a senior leadership reshuffle.
BNY Mellon has made three major appointments to its European trust and depositary (T&D) business over the past two months.
Citi recently launched Advanced Citi ETF System (ACES), a new tech platform automating the entire ETF front-to-back office lifecycle.
State Street has made a number of high-profile changes to State Street’s global leadership teams since Ron O'Hanley began his tenure as CEO in January.
State Street’s recent organisational restructure will help accelerate the delivery of a front-to-back investment servicing platform.
The new appointments follow the promotion of Liz Nolan to chief executive officer for State Street’s EMEA business in November.