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State Street Appoints Majed Al Hassoun as Head of KSA and Bahrain

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State Street (NYSE: STT) has appointed Majed Al Hassoun as Country Head for Saudi Arabia and Bahrain to lead the firm's Investment Services and Global Advisors strategy in these markets. Based in Riyadh, Al Hassoun will serve as CEO of State Street Saudi Arabia Financial Solutions, pending regulatory approval. He will report to Oliver Berger, Head of Emerging Growth Markets, and Emmanuel Laurina, Head of Middle East, Africa and Official Institutions.

With two decades of financial services experience, Al Hassoun will be responsible for developing and executing an enterprise-wide approach to grow State Street's business in Saudi Arabia and Bahrain, while ensuring regulatory compliance. The appointment aims to strengthen State Street's presence in the Middle East during a significant growth phase for both its Investment Services and Global Advisors businesses.

State Street (NYSE: STT) ha nominato Majed Al Hassoun come Responsabile Nazionale per l'Arabia Saudita e il Bahrain, per guidare la strategia dei Servizi di Investimento e degli Advisor Globali dell'azienda in questi mercati. Basato a Riyadh, Al Hassoun ricoprirà il ruolo di CEO di State Street Saudi Arabia Financial Solutions, in attesa dell'approvazione normativa. Riporterà a Oliver Berger, Responsabile dei Mercati Emergenti, e a Emmanuel Laurina, Responsabile del Medio Oriente, Africa e Istituzioni Ufficiali.

Con due decenni di esperienza nei servizi finanziari, Al Hassoun sarà responsabile dello sviluppo e dell'esecuzione di un approccio integrato per far crescere il business di State Street in Arabia Saudita e Bahrain, garantendo al contempo la conformità normativa. La nomina mira a rafforzare la presenza di State Street nel Medio Oriente durante una fase di crescita significativa sia per i Servizi di Investimento che per gli Advisor Globali dell'azienda.

State Street (NYSE: STT) ha nombrado a Majed Al Hassoun como Jefe de País para Arabia Saudita y Bahréin, para liderar la estrategia de Servicios de Inversión y Asesores Globales de la empresa en estos mercados. Con sede en Riad, Al Hassoun será CEO de State Street Saudi Arabia Financial Solutions, sujeto a la aprobación regulatoria. Reportará a Oliver Berger, Jefe de Mercados en Crecimiento Emergente, y a Emmanuel Laurina, Jefe de Medio Oriente, África e Instituciones Oficiales.

Con dos décadas de experiencia en servicios financieros, Al Hassoun será responsable de desarrollar y ejecutar un enfoque a nivel empresarial para hacer crecer el negocio de State Street en Arabia Saudita y Bahréin, asegurando al mismo tiempo el cumplimiento regulatorio. La nombramiento busca fortalecer la presencia de State Street en Oriente Medio durante una fase de crecimiento significativa tanto para sus Servicios de Inversión como para sus negocios de Asesores Globales.

State Street (NYSE: STT)Majed Al Hassoun을 사우디아라비아 및 바레인의 국가 책임자로 임명하여 이 시장에서 회사의 투자 서비스 및 글로벌 어드바이저 전략을 이끌게 했습니다. 리야드에 본사를 두고 있는 Al Hassoun은 규제 승인을 기다리는 상태에서 State Street 사우디아라비아 금융 솔루션의 CEO로서 역할을 맡게 됩니다. 그는 Oliver Berger (신흥 성장 시장 책임자) 및 Emmanuel Laurina (중동, 아프리카 및 공식 기관 책임자)에게 보고합니다.

금융 서비스 분야에서 20년의 경험을 가진 Al Hassoun은 사우디아라비아와 바레인에서 State Street의 비즈니스 성장을 위해 기업 전체적으로 접근 방식을 개발하고 실행하는 책임을 집니다. 또한 규제 준수를 보장합니다. 이번 임명은 투자 서비스 및 글로벌 어드바이저 비즈니스 모두에 있어 중요한 성장 단계에 있는 중동에서 State Street의 입지를 강화하는 것을 목표로 하고 있습니다.

State Street (NYSE: STT) a nommé Majed Al Hassoun en tant que Responsable Pays pour l'Arabie Saoudite et Bahreïn afin de diriger la stratégie des Services d'Investissement et des Conseillers Mondiaux de la société sur ces marchés. Basé à Riyad, Al Hassoun exercera la fonction de PDG de State Street Saudi Arabia Financial Solutions, en attente de l'approbation réglementaire. Il rendra compte à Oliver Berger, Responsable des Marchés en Croissance Émergents, et à Emmanuel Laurina, Responsable du Moyen-Orient, d'Afrique et des Institutions Officielles.

Fort de deux décennies d'expérience dans les services financiers, Al Hassoun sera responsable du développement et de l'exécution d'une approche à l'échelle de l'entreprise pour faire croître les activités de State Street en Arabie Saoudite et à Bahreïn, tout en garantissant la conformité réglementaire. La nomination vise à renforcer la présence de State Street au Moyen-Orient pendant une phase de croissance significative pour ses Services d'Investissement et ses Conseillers Mondiaux.

State Street (NYSE: STT) hat Majed Al Hassoun zum Landesleiter für Saudi-Arabien und Bahrain ernannt, um die Strategie für Investment Services und Global Advisors des Unternehmens in diesen Märkten zu leiten. Mit Sitz in Riad wird Al Hassoun CEO von State Street Saudi Arabia Financial Solutions, vorbehaltlich der regulatorischen Genehmigung. Er wird an Oliver Berger, Leiter der Emerging Growth Markets, und Emmanuel Laurina, Leiter des Mittleren Ostens, Afrikas und offizieller Institutionen, berichten.

Mit zwei Jahrzehnten Erfahrung im Finanzdienstleistungsbereich wird Al Hassoun verantwortlich sein für die Entwicklung und Umsetzung eines unternehmensweiten Ansatzes zur Geschäftsentwicklung von State Street in Saudi-Arabien und Bahrain, während er gleichzeitig die regulatorische Compliance gewährleistet. Die Ernennung zielt darauf ab, die Präsenz von State Street im Mittleren Osten während einer bedeutenden Wachstumsphase sowohl für die Investment Services als auch für die Global Advisors zu stärken.

Positive
  • Strategic expansion into key Middle East markets (Saudi Arabia and Bahrain)
  • Appointment of experienced executive with 20 years in financial services
  • Strengthening of regional presence through local leadership
Negative
  • None.

RIYADH, Saudi Arabia--(BUSINESS WIRE)-- State Street Corporation (NYSE: STT) today announced the appointment of Majed Al Hassoun as Country Head Saudi Arabia and Bahrain, to drive and execute the firm’s Investment Services and Global Advisors strategy.

Reporting to Oliver Berger, Head of Emerging Growth Markets, State Street, and Emmanuel Laurina, Head of Middle East, Africa and Official Institutions, State Street Global Advisors, Al Hassoun will drive the firm’s Middle East growth strategy for Saudi Arabia and Bahrain, and be responsible for the development and execution of an enterprise-wide approach to grow State Street’s business in these markets.

Based in Riyadh, Al Hassoun will act as CEO of State Street Saudi Arabia Financial Solutions, subject to regulatory approval, and will be responsible for ensuring the entity’s compliance with regulatory and legal expectations.

Oliver Berger, Head of Emerging Growth Markets at State Street, commented: "Our Investment Services and Global Advisors businesses are going through a significant growth journey. We are pleased to have Majed, whose experience and network will be invaluable to State Street, to join us in implementing our growth strategy in the Middle East, driving business growth as well as strengthening our presences and connections in Saudi Arabia and Bahrain.”

Emmanuel Laurina, Head of Middle East, Africa and Official Institutions, State Street Global Advisors, added: “Majed has two decades of experience in the financial services industry, and his credential as a senior leader speaks volumes, making Majed a great asset to the firm. We are all excited to have Majed as a member of the core team to deliver our ambitious plan.”

Al Hassoun also commented: “State Street’s global strength and expertise are two of the many things that truly set the firm apart. I am thrilled to join the talented team of investment services and asset management experts, and look forward to working with them to create synergy across functions and further grow our presence in the market.”

About State Street Corporation

State Street Corporation (NYSE: STT) is one of the world's leading providers of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $46.8 trillion in assets under custody and/or administration and $4.7 trillion* in assets under management as of September 30, 2024, State Street operates globally in more than 100 geographic markets and employs approximately 53,000 worldwide. For more information, visit State Street's website at www.statestreet.com.

* Assets under management as of September 30, 2024 includes approximately $83 billion of assets with respect to SPDR® products for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) acts solely as the marketing agent. SSGA FD and State Street Global Advisors are affiliated.

© 2024 State Street Corporation

Expiration Date: December 31, 2025
Tracking Number: 7437055.1.1.EMEA.RTL

Media:

Michel Chau

+44 (0) 7500 682982

mchau@statestreet.com

Source: State Street Corporation

FAQ

What role has Majed Al Hassoun been appointed to at State Street (STT)?

Majed Al Hassoun has been appointed as Country Head for Saudi Arabia and Bahrain, and will serve as CEO of State Street Saudi Arabia Financial Solutions, subject to regulatory approval.

What are Majed Al Hassoun's responsibilities at State Street (STT)?

He will drive the firm's Middle East growth strategy for Saudi Arabia and Bahrain, develop and execute enterprise-wide business growth, and ensure regulatory compliance as CEO of State Street Saudi Arabia Financial Solutions.

Who will Majed Al Hassoun report to at State Street (STT)?

He will report to Oliver Berger, Head of Emerging Growth Markets, and Emmanuel Laurina, Head of Middle East, Africa and Official Institutions.

How does this appointment align with State Street's (STT) growth strategy?

The appointment supports State Street's significant growth journey in Investment Services and Global Advisors businesses, specifically strengthening its presence in Saudi Arabia and Bahrain markets.

What experience does Majed Al Hassoun bring to State Street (STT)?

Majed Al Hassoun brings two decades of experience in the financial services industry and credentials as a senior leader.

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