State Street has hired Oliver Berger as new senior vice president, head of strategic market initiatives for Europe, the Middle East and Africa (EMEA) within its sector solutions team.
Based in Frankfurt, Berger will report to Stefan Gmuer, executive vice president, head of sector solutions EMEA.
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In his new role, Berger will be responsible for the development of State Street’s new initiatives and client solutions.
Berger joined State Street from JPMorgan Chase Group, where he worked for 19 years, most recently as head of prospect sales for EMEA.
Additionally, State Street has also hired Andreas Schmid as vice president in the asset owner solutions team in Zurich within its sector solutions team in EMEA and also Tom Wooders as vice president in the insurance solutions team based in London.
Schmid has joined State Street from RBC Investor and Treasury Services.
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By GlobalDataGmuer said: "Oliver has more than 25 years’ experience within financial services, bringing a wealth of knowledge to our established team and complementing our activity across all client sectors in the region.
"We recently carried out research amongst 300 asset managers which revealed that one in five (20%) global asset managers believe bringing their existing products to new country markets will provide the greatest growth opportunity for their business over the next three years. However, more than half (51%) cite creating the necessary operational and technology infrastructure as one of their top three challenges when doing so," he added.
