State Street Corporation has appointed Dr. Markus Steiner as head of State Street Global Services’ business in Switzerland. Dr. Steiner will assume his new role on July 1, 2013.
State Street Corporation (NYSE: STT) today announced the appointment of Dr. Markus Steiner to head of State Street Global Services’ business in Switzerland.
Dr. Steiner will assume his new role on July 1, 2013. To ensure a seamless transition and as part of a planned succession, a handover phase with current managing director René Charrière, will take place between now and July. Following the transition, Mr. Charrière will assume a senior relationship management role for select Swiss-based accounts.
Dr. Steiner has more than 22 years of professional experience in the asset management and investment fund industry, and he has held leading positions in fund management and product development in the Swiss and European fund markets. He also possesses extensive regulatory expertise from his active participation in the Swiss regulatory landscape. Most recently, he served as head of UBS Fund Management Switzerland AG for more than 13 years.
Commenting on the appointment, Jörg Ambrosius, senior vice president of State Street said, “We’re privileged to welcome Markus Steiner to State Street’s management team in Zurich as he brings a wealth of experience to the role. We look forward to working with him. With Dr. Steiner’s appointment and René Charrière taking on a key relationship management role, we are well positioned to further expand our business in Switzerland.”
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 $25.4 trillion in assets under custody and administration and $2.2 trillion in assets under management at March 31, 2013, State Street operates in more than 100 geographic markets worldwide, including the U.S., Canada, Europe, the Middle East and Asia. For more information, visit State Street’s web site at www.statestreet.com.
This AUM includes the assets of the SPDR Gold Trust (approx. $62.7 billion as of March 31, 2013), for which State Street Global Markets, LLC, an affiliate of State Street Global Advisors, serves as the marketing agent.
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