State Street Opens New Office in Chile to Support Continued Growth in Latin America
October 19 2022 - 8:30AM
Business Wire
Alberto Menendez appointed to lead Chile office; Builds on State
Street’s ongoing expansion of regional capabilities in Latin
America
State Street Corporation (NYSE: STT) announced today the opening
of a new office in Chile to help the firm serve and support
institutional clients in Latin America, with a focus on custody,
fund administration and securities lending. The firm has appointed
Alberto Menendez to lead the Chile office and as sales
representative for Chile and Peru. Menendez is based in Chile and
will report to Maria Ximena Vasquez Barbosa, regional sales head
for Latam and Caribbean excluding Brazil.
The launch of the Chile office marks an important milestone as
the firm builds on its ongoing expansion of client capabilities in
the region. In 2021, State Street announced that its Brazilian bank
began offering foreign exchange capabilities and sales
operations.
“We are proud of our growth in Latin America, which continues to
be a critical market for the global investment community,” said
Marcia Rothschild, State Street’s head of Latin America and The
Caribbean. “With our new office, State Street is even better
positioned to serve our clients, globally and locally, as they
navigate the evolving challenges of investing in emerging
markets.”
“I am excited to lead this new office and help State Street
accelerate its growth plans in Chile, Peru and other Latin American
countries,” said Menendez. “State Street has brought market leading
solutions and unprecedented scale to the region, and the
opportunity ahead is only growing as we continue to expand our
capabilities on behalf of clients.”
Menendez brings more than 10 years of experience in the region.
He joins State Street from Credicorp Capital Chile, where he served
as distribution manager, overseeing the distribution of first-class
mutual funds, ETFs and alternative asset managers, including State
Street’s ETFs for Chile, Colombia and Peru. Prior to that, he held
leadership positions at AFP Provida, Celfin and AFP ING of
Colombia.
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 $35.7 trillion in assets
under custody and/or administration and $3.3 trillion* in assets
under management as of September 30, 2022, State Street operates
globally in more than 100 geographic markets and employs
approximately 41,000 worldwide. For more information, visit State
Street's website at www.statestreet.com.
*Assets under management as of September 30, 2022 includes
approximately $55 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.
© 2022 State Street Corporation - All Rights Reserved
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Media Contact: Brendan Paul Bpaul2@statestreet.com +1
401.644.9182
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