State Street Strengthens Institutional Investor Services Team with Two New Appointments
April 20 2017 - 9:50AM
Business Wire
Former PwC, BNY Veterans to Lead US Asset Owner Teams
State Street Corporation (NYSE: STT), today announced that it
has hired industry veterans Hemant Bhide to serve as the head of
the US Asset Owner business, and Bruce Shain to serve as a senior
vice present and client service department manager.
“We are very pleased to welcome both Hemant and Bruce to our
team,” said Stephen Nazzaro, executive vice president at State
Street and head of Asset Owners for the Americas. “Their strategic
and consultative experience across multiple markets including
global investment management, pension funds, sovereign wealth funds
and endowments & foundations will bring tremendous value to our
clients.”
Bhide will be responsible for the US Asset Owners business and
will report into Nazzaro. He joins from PricewaterhouseCoopers
where he was most recently a partner in their Financial Services
Advisory practice. Bhide’s broad range of experience spans the
front, middle and back-office including helping firms strengthen
their service models to help protect against operational,
technology and regulatory risks.
Shain, who will report into Bhide, will assume oversight of the
Corporate Pension, Non-Profit and Endowment & Foundation Asset
Owner businesses. Previously, he spent nearly twenty years with
Bank of New York Mellon, where he was most recently managing
director and segment head of US Corporate, Government and
Non-Profit businesses. Prior to that role he held relationship
management and client service positions servicing institutional
clients.
About State Street
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 $29 trillion in assets under
custody and administration and $2 trillion* in assets under
management as of December 31, 2016, State Street operates in more
than 100 geographic markets worldwide, including the US, Canada,
Europe, the Middle East and Asia. For more information, visit State
Street’s website at www.statestreet.com.
* Assets under management were $2.47 trillion as of December 31,
2016. AUM reflects approximately $30.62 billion (as of December 31,
2016) with respect to which State Street Global Markets, LLC (SSGM)
serves as marketing agent; SSGM and State Street Global Advisors
are affiliated.
State Street Corporation, One Lincoln Street, Boston, MA
02111-2900
CORP-2773
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version on businesswire.com: http://www.businesswire.com/news/home/20170420005877/en/
State Street CorporationBrendan Paul,
617-662-2903Bpaul2@statestreet.com@StateStreet
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