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State Street Appoints Vanessa Fernandes as Head of Digital Assets

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State Street (NYSE: STT) has appointed Vanessa Fernandes as head of Digital Asset Solutions. Fernandes, based in New Jersey, will report to Donna Milrod, chief product officer at State Street. With over 25 years of financial services experience, Fernandes will drive the execution of State Street's digital asset strategy, partnering with leaders across product, technology, operations, and the Chief Commercial Office.

Prior to joining State Street, Fernandes was Managing Director and Global Head of Digital Experience at BNY. She also held senior leadership roles at Itaú Unibanco, including Chief Information Officer and CEO of Digital Assets. Her appointment follows State Street's recent strategic agreement with Taurus SA, aimed at enhancing the firm's digital asset capabilities, including tokenization and digital asset custody services.

State Street (NYSE: STT) ha nombrato Vanessa Fernandes come responsabile delle Soluzioni per Asset Digitali. Fernandes, con sede nel New Jersey, riporterà a Donna Milrod, Chief Product Officer di State Street. Con oltre 25 anni di esperienza nei servizi finanziari, Fernandes guiderà l'implementazione della strategia digitale di State Street, collaborando con i leader nei settori prodotto, tecnologia, operazioni e Chief Commercial Office.

Prima di unirsi a State Street, Fernandes è stata Managing Director e Global Head of Digital Experience presso BNY. Ha anche ricoperto ruoli dirigenziali di alto livello presso Itaú Unibanco, inclusi il Chief Information Officer e CEO degli Asset Digitali. La sua nomina segue l'accordo strategico recente di State Street con Taurus SA, volto a potenziare le capacità digitali della società, inclusi i servizi di tokenizzazione e custodia degli asset digitali.

State Street (NYSE: STT) ha designado a Vanessa Fernandes como directora de Soluciones de Activos Digitales. Fernandes, con sede en Nueva Jersey, reportará a Donna Milrod, directora de productos en State Street. Con más de 25 años de experiencia en servicios financieros, Fernandes impulsará la ejecución de la estrategia de activos digitales de State Street, colaborando con líderes en productos, tecnología, operaciones y la Oficina Comercial Principal.

Antes de unirse a State Street, Fernandes fue Directora General y Jefa Global de Experiencia Digital en BNY. También ocupó roles de liderazgo senior en Itaú Unibanco, incluyendo Directora de Información y CEO de Activos Digitales. Su nombramiento sigue al reciente acuerdo estratégico de State Street con Taurus SA, que busca mejorar las capacidades digitales de la firma, incluyendo la tokenización y los servicios de custodia de activos digitales.

State Street (NYSE: STT)는 디지털 자산 솔루션의 책임자로 바네사 페르난데스를 임명했습니다. 뉴저지에 본사를 둔 페르난데스는 State Street의 최고 제품 책임자인 도나 밀로드에게 보고할 것입니다. 금융 서비스 분야에서 25년 이상의 경험을 가진 페르난데스는 제품, 기술, 운영 및 최고 상업 책임자와 협력하여 State Street의 디지털 자산 전략 실행을 주도할 것입니다.

State Street에 합류하기 전, 페르난데스는 BNY의 글로벌 디지털 경험 책임자이자 전무이사였습니다. 그녀는 이타우 유니방코에서도 최고 정보 책임자 및 디지털 자산 CEO와 같은 고위 리더십 역할을 수행했습니다. 그녀의 임명은 State Street가 최근 타우루스 SA와 체결한 전략적 계약에 따른 것으로, 자산 디지털화 및 디지털 자산 보관 서비스와 같은 회사의 디지털 자산 역량을 강화하는 데 목적이 있습니다.

State Street (NYSE: STT) a nommé Vanessa Fernandes comme responsable des Solutions d'Actifs Numériques. Fernandes, basée dans le New Jersey, reportera à Donna Milrod, directrice des produits chez State Street. Forte de plus de 25 ans d'expérience dans les services financiers, Fernandes conduira l'exécution de la stratégie d'actifs numériques de State Street, en partenariat avec des leaders dans les domaines du produit, de la technologie, des opérations et du Chief Commercial Office.

Avant de rejoindre State Street, Fernandes était directrice générale et responsable mondiale de l'expérience numérique chez BNY. Elle a également occupé des postes de direction dans des entreprises telles qu'Itaú Unibanco, y compris celui de directrice des systèmes d'information et de PDG des actifs numériques. Sa nomination fait suite à l'accord stratégique récent de State Street avec Taurus SA, visant à renforcer les capacités numériques de l'entreprise, notamment en ce qui concerne la tokenisation et les services de conservation des actifs numériques.

State Street (NYSE: STT) hat Vanessa Fernandes zur Leiterin der Digital Asset Solutions ernannt. Fernandes, die ihren Sitz in New Jersey hat, wird an Donna Milrod, Chief Product Officer von State Street, berichten. Mit über 25 Jahren Erfahrung im Finanzdienstleistungssektor wird Fernandes die Umsetzung der digitalen Vermögenstrategie von State Street vorantreiben und mit Führungskräften in den Bereichen Produkt, Technologie, Betrieb und Chief Commercial Office zusammenarbeiten.

Vor ihrem Wechsel zu State Street war Fernandes Managing Director und Global Head of Digital Experience bei BNY. Sie hatte auch leitende Positionen bei Itaú Unibanco inne, darunter Chief Information Officer und CEO für digitale Vermögenswerte. Ihre Ernennung folgt auf die kürzliche strategische Vereinbarung von State Street mit Taurus SA, die darauf abzielt, die digitalen Vermögensfähigkeiten des Unternehmens zu verbessern, einschließlich Tokenisierung und digitale Vermögensverwahrung.

Positive
  • Appointment of experienced leader Vanessa Fernandes to head Digital Asset Solutions
  • Strategic agreement with Taurus SA to enhance digital asset capabilities
  • Potential expansion into tokenization and digital asset custody services
Negative
  • None.
  • Fernandes to lead the execution of firm’s enterprise strategy for its digital asset services team

BOSTON--(BUSINESS WIRE)-- State Street Corporation (NYSE: STT) today announced the appointment of Vanessa Fernandes as head of Digital Asset Solutions. Fernandes, who will be based in New Jersey, will report directly to Donna Milrod, chief product officer at State Street.

With more than 25 years of financial services experience in technology and operations, Fernandes will partner with business leaders across product, technology, operations, as well as the Chief Commercial Office to drive the overall execution of State Street digital asset strategy.

“We continue to focus on developing, leading, and executing on our digital strategy, which, over time, will impact nearly every facet of our company and transform our industry,” said Milrod. “To help us achieve our aspirations, I am pleased to welcome Vanessa to the team and look forward to seeing her build on the foundation we have established with her expertise with digital products, technology and operations.”

Prior to joining State Street, Fernandes was Managing Director and Global Head of Digital Experience at BNY Mellon, where she developed a digital-first strategy to transform the bank’s products and platforms. She also held several senior leadership roles at Itaú Unibanco, including Chief Information Officer, Chief Technology Officer for Emerging Technologies, Global Head of Corporate Architecture, and Chief Executive Officer of Digital Assets, where she pioneered innovative strategies for tokenized bank products and cryptocurrency custody.

“I am thrilled to join State Street to help drive the next phase of digital innovation at such a pivotal time for the industry and its clients,” said Fernandes. “I look forward to collaborating with the talented team at State Street to further integrate digital capabilities into our core offerings and build a stronger, more future-focused foundation for our clients.”

Fernandes' appointment comes at a key moment for the State Street’s digital business, following firm’s recent strategic agreement with Taurus SA, a global leader in digital asset infrastructure. This collaboration will enhance State Street's digital asset capabilities by adding tokenization and the technological foundation to offer, subject to regulatory approval, digital asset custody services to its existing fund administration and accounting offerings for digital assets. The partnership underscores State Street’s commitment to leading the digital transformation for institutional investors and delivering innovative solutions that meet the evolving demands of the market.

Click here to learn more State Street’s Digital Asset Solutions.

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 $44.3 trillion in assets under custody and/or administration and $4.4 trillion* in assets under management as of June 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 June 30, 2024 includes approximately $69 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.

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© 2024 State Street Corporation

Media:

Brendan Paul

Mobile: +1 401 644 9182

Bpaul2@statestreet.com

Source: State Street Corporation

FAQ

Who is the new head of Digital Asset Solutions at State Street (STT)?

Vanessa Fernandes has been appointed as the new head of Digital Asset Solutions at State Street (STT).

What is State Street's (STT) recent strategic move in digital assets?

State Street (STT) recently entered into a strategic agreement with Taurus SA to enhance its digital asset capabilities, including tokenization and potential digital asset custody services.

What is Vanessa Fernandes' background before joining State Street (STT)?

Before joining State Street (STT), Vanessa Fernandes was Managing Director and Global Head of Digital Experience at BNY, and held senior leadership roles at Itaú Unibanco, including Chief Information Officer and CEO of Digital Assets.

How does State Street (STT) plan to expand its digital asset offerings?

State Street (STT) plans to expand its digital asset offerings by potentially adding tokenization and digital asset custody services to its existing fund administration and accounting offerings for digital assets.

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