State Street hires former Citi, BNP Paribas LatAm securities services executive to new regional role
State Street has hired a 20-year Latin America securities services expert to lead its sales and client growth strategy in the region.
State Street has hired a 20-year Latin America securities services expert to lead its sales and client growth strategy in the region.
The hire is the latest in State Street’s effort to bolster its asset owner servicing team globally.
The greenfield solution will utilise the cloud-based data technology and security to transform middle- and back-office operating processes of buy-side firms.
Custodian addresses data demands with new open architecture platform leveraging Snowflake and Microsoft Azure partnerships.
Lukka will use the funds to continue expanding its existing institutional-grade back-office software and data products.
State Street will provide outsourced non-US equity trading and middle-office services for GIM’s international equity strategy.
Custodians are under scrutiny from their buy-side clients to develop new collateral management capabilities in order to help minimise the impact of UMR.
The hire is the latest in a series of enhancements State Street has made this year in support of its insurance client segment.
The suggestion by an influential US think tank last week could have a significant impact on other custodians in the market if such a move was widely enforced.
State Street has extended its 40-year asset servicing relationship with Neuberger Berman to provide accounting services for its US mutual funds.