State Street Enters Colombian Market to Support Continued Growth in Latin America
July 10 2023 - 9:30AM
Business Wire
Andres Zambrano Burgl joins State Street to lead new Colombia
office; Builds on the firm’s ongoing expansion in Latin America
State Street Corporation (NYSE: STT) announced today its
expansion into Colombia, scaling its servicing capabilities for
institutional clients in Latin America. Andres Zambrano Burgl will
manage the Colombia office and lead sales in the country. Zambrano
is based in Bogota and will report to Maria Ximena Vasquez, State
Street’s head of Sales for Latin America and The Caribbean (ex
Brazil).
State Street’s new office in Colombia continues the firm’s
expansion of its Latin America coverage, building upon its
first-in-class client capabilities in the region. In 2021, State
Street announced that its Brazilian bank began offering foreign
exchange capabilities and sales operations. State Street also
opened a new office in Chile in October 2022.
“State Street’s growth in the LatAm region is further solidified
by this strategic expansion in Colombia,” said Marcia Rothschild,
State Street head of Latin America and The Caribbean. “We look
forward to strengthening relationships with our existing clients
and expanding our outreach to new clients in the country. Andres is
a strong leader who will take this new office in an exciting
direction.”
“I am eager to lead this new office and expand State Street’s
footprint in Colombia,” said Zambrano. “This regional growth is
only poised to continue across Latin America and I look forward to
working with the team to provide the top-tier products and services
clients have come to expect from State Street.”
Zambrano brings more than 17 years of experience in the
Colombian and Latin America financial services sector. He joins
State Street from Citibank, where he spent nine years holding
several local and regional roles as product and country manager
across the Latin America direct custody and clearing, and product
development teams. He also worked at BNP Paribas as custody product
manager.
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 $37.6 trillion in assets
under custody and/or administration and $3.6 trillion* in assets
under management as of March 31, 2023, State Street operates
globally in more than 100 geographic markets and employs
approximately 43,000 worldwide. For more information, visit State
Street's website at www.statestreet.com.
*Assets under management as of March 31, 2023 includes
approximately $59 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. Investing involves risk
including the risk of loss of principal.
© 2023 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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