State Street Appoints New Country Heads for Three European Markets

State Street, the US-based financial services giant, announced that it has appointed new country heads today for the company’s three key European markets including Germany, Luxembourg, and Switzerland.

According to the press release, State Street has selected Andreas Niklaus as head of its German market. Riccardo Lamanna has been appointed head of Luxembourg, and Dagmar Kamber Borens as head of Switzerland.

The selected heads will be responsible for the business development and the expansion of State Street’s brand awareness in their respective regions. Additionally, the company is planning to maintain strong and proactive regulatory relationships in the mentioned European markets.

Commenting on the recent appointments, Jörg Ambrosius, Executive Vice President and CEO, Europe, Middle East and Africa for State Street, said: “Our country heads are critical to our vision and path forward to being an essential partner for our clients. Andreas, Riccardo and Dagmar all bring significant, on-the-ground experience to their roles and are highly skilled to lead the creation and Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term of an enterprise-wide growth strategy for their respective markets. I am delighted to have such strong leaders in these important countries and markets to continue to drive our European expansion and deepen our relationships with local institutional investors and regulators.”

In June 2021, State Street announced the launch of a dedicated cryptocurrency unit to meet the growing demand of its customers.

Profiles

The newly appointed heads of three European markets have strong experience in the global financial sector. Borens has more than 20 years of experience in the banking industry. Most recently, he was the designated Chief Executive Officer and country head of Quintet Private Bank Switzerland AG. Niklaus joined State Street in 2003 to manage the Depotbank and successfully integrated Deutsche Bank’s Security Services business into State Street Bank International GmbH. Lamanna, the newly appointed head of Luxembourg, joined State Street in 2010 as part of the Intesa Sanpaolo Acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term, and successfully led its Italian branch, and managed Global Services in the Netherlands prior to his most recent role.