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August 27, 2018

State Street hires co-heads of global services for EMEA

American asset manager State Street has named Jörg Ambrosius and Mike Fontaine as co-heads of global services for EMEA.

The appointments follow Liz Nolan’s elevation to CEO of EMEA and the upcoming departure of Susan Dargan, who has resigned due to personal reasons.

Most recently, Ambrosius held the role of head of sector solutions, EMEA. He will remain based in Munich.

Fontaine, who earlier serves as executive vice president of US investor services, has relocated from Boston to Dublin.

In their new roles, Ambrosius and Fontaine will continue to drive and execute State Street’s servicing strategy for the domestic markets in region.

Ambrosius will concentrate on onshore while Fontaine will be responsible for offshore markets.

Both of them will report to Nolan as well as Andrew Erickson, head of the global services business worldwide.

Erickson said: “Jörg and Mike have held various senior client-focused, risk management and operational positions in financial services for more than four decades combined.

“Both have proven track records for managing delivery to some of our largest and most complex global clients, and we’re confident they will continue to add tremendous value to our business.”

Nolan stated: “The appointments of Jörg and Mike will further strengthen our presence within the region which, when combined with our global footprint and ongoing investment in technology and innovation, will enable us to deliver the whole of the firm to support the needs of our clients.”

Apart from serving as co-heads for global services in EMEA, Ambrosius will oversee State Street’s Global Exchange (GX), Investment Manager Services (IMS) and Alternative Investment Solutions (AIS) businesses in the region.

Similarly, Fontaine will be responsible for the International Financial Data Services (IFDS) service delivery for State Street.

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