State Street Appoints New Chief Executive Officer for State Street Bank International GmbH
January 04 2023 - 7:00AM
Business Wire
Dr. Andreas Przewloka brings 20 years of senior financial
services leadership experience to State Street
State Street Corporation (NYSE:STT) today announced that Dr.
Andreas Przewloka has been appointed as executive vice president
and chief executive officer for State Street Bank International
GmbH (SSBI). Przewloka, who assumed his new role effective January
1, 2023, reports to Joerg Ambrosius, chief commercial officer for
State Street and chairman of the board of SSBI.
Przewloka will lead State Street’s custody and investment
servicing business across Continental Europe. He brings more than
two decades of financial services experience to the role, including
an in-depth understanding of the securities services and European
banking businesses, an extensive network of relationships with the
European Central Banks and regulators, as well as strong client
relationships across the continent. He joins State Street from UBS
where he held various senior leadership positions, most recently
serving as chief operating officer of Frankfurt-based UBS Europe
SE. Przewloka will be based in Frankfurt, Germany and will also
serve as State Street’s Germany country head.
Przewloka succeeds Stefan Gmuer, who has served as SSBI’s CEO
for the last 20 years. Under Gmuer’s leadership, SSBI experienced
significant growth through acquisitions, lift outs, organic client
expansions and legal entity consolidation. Gmuer will continue to
expand relationships in the official institutions segment which he
will continue to lead globally as well as driving innovation and
thought leadership. He will also serve as executive sponsor for a
set of strategic client relationships and continue to report to
Joerg Ambrosius.
“Andreas brings the financial services experience and leadership
needed to continue to drive State Street’s strategy and growth
across Continental Europe. He is a seasoned and well-respected
executive, known for delivering client results, embracing
innovation and having a keen understanding of the changing EMEA
regulatory environment that will prove critical as we further
strengthen our leadership position,” said Ambrosius. “I want to
thank Stefan for his two decades of leadership of our Continental
European operations. Our growth across the region and standing as
an industry leader is a direct result of Stefan’s vision for State
Street in Europe, and we are grateful he will remain in a global
role as a valued member of our leadership team.”
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20230104005356/en/
Media: Michel Chau Mchau@statestreet.com +44 (0) 7500
682982 Brendan Paul Bpaul2@statestreet.com +1 401.644.9182
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