State Street Appoints Industry Expert to Lead Insurance Segment Globally
June 07 2021 - 9:33AM
Business Wire
Jason Knight Appointed as Global Insurance Head
State Street Corporation (NYSE:STT) today announced the
appointment of Jason Knight as global head of the firm’s Insurance
segment. In this role, Knight will be responsible for creating and
executing the Insurance Segment’s strategy globally, and will work
closely with senior leadership in sales, product, as well as State
Street’s other business lines to ensure delivery of an outstanding
client experience.
Knight joins State Street from BNY Mellon, where he was most
recently the head of the Insurance Segment in the Americas for
Asset Servicing. Knight brings 27 years of experience in the
financial services industry, and has served in a number of
Insurance and Investment Management segment-related leadership,
business development, product and relationship management roles
throughout the years.
“I’m very pleased to welcome Jason to State Street,” said
Francisco Aristeguieta, chief executive officer of State Street
Institutional Services division. “With his deep knowledge of our
industry, coupled with his acute understanding of the challenges
facing insurers stemming from the COVID-19 pandemic, I am confident
Jason will strengthen our position as the outsourcing partner of
choice for our clients.”
Knight’s appointment is the latest in a series of announcements
and enhancements State Street has made in the past two years in
support of its insurance clients spanning people, technology and
more integrated solutions. In 2020, State Street announced a
business partnership with SimCorp to offer a fully integrated
investment outsourcing solution for insurance clients in EMEA. The
partnership, leverages State Street’s AlphaSM platform, and
provides insurance companies in the EMEA region with a premier
servicing solution. It also actively addresses operational
efficiency and helps them deliver improved accuracy and timely,
high-quality data for their front-to-back operations. Additionally,
the firm announced in 2020 the appointment of Christian Bongiovanni
as the regional segment head for insurance in Europe, the Middle
East and Africa (EMEA). Bongiovanni will report to Knight.
“I see 2021 as a defining year for the insurance industry. The
challenges that unfolded during the COVID-19 pandemic unlocked new
opportunities and new ways of working with our clients and
partners,” said Knight. “I’m very excited to be joining State
Street and leading a first rate team at such an important moment
for the insurance industry.”
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 $40.3 trillion in assets
under custody and/or administration and $3.6 trillion* in assets
under management as of March 31, 2021, State Street operates
globally in more than 100 geographic markets and employs
approximately 39,000 worldwide. For more information, visit State
Street's website at www.statestreet.com.
*Assets under management as of March 31, 2021 includes
approximately $60 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.
© 2021 State Street Corporation - All Rights Reserved
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Media Contact: Ed Patterson epatterson@statestreet.com +1
404 213 3106
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