State Street Appoints New Head of Global Services for Continental and Southern Europe

Wednesday, November 1, 2017 8:55 am EDT

Dateline:

LONDON

Public Company Information:

NYSE:
STT
"Michelle’s extensive experience and dedicated focus are ideal to help build on the great momentum we have achieved in Europe to date, and significantly contribute to our long-term and successful client partnerships."

LONDON, October 30, 2017State Street Corporation (NYSE: STT) announced today the appointment of Michelle Grundmann to the role of head of Global Services for continental and southern Europe, effective from February 2018. Based in Frankfurt, Grundman will report to Stefan Gmür, chief executive officer and speaker of the board for State Street Bank International GmbH, Munich; and Liz Nolan, co-head of Global Services for EMEA.

Grundmann has nearly 30 years of significant industry experience and a deep knowledge of the European market. She joins most recently from J.P. Morgan, where she was head of Investor Services for Germany, Austria and Switzerland. Prior to this, she held executive positions at Bank of New York Mellon, Chase Manhattan Bank, Merrill Lynch Investment Management and Bankers Trust Company of New York, in locations including Frankfurt, Belgium, Amsterdam and New York City.

Commenting on the appointment, Gmür said, “Europe remains critical to our global growth strategy and we maintain a leadership position in asset servicing in many of the continental European markets, with a proven track record and expertise in depositary services and back office insourcing in particular. We are delighted to welcome Michelle to our team whose wealth of experience across multiple segments of the financial industry will further strengthen our offering.”

Nolan added, “Michelle’s extensive experience and dedicated focus are ideal to help build on the great momentum we have achieved in Europe to date, and significantly contribute to our long-term and successful client partnerships.”


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 $32.1 trillion in assets under custody and administration and $2.7 trillion** in assets under management as of September 30, 2017, State Street operates in more than 100 geographic markets worldwide, including the US, Canada, Europe, the Middle East and Asia. For more information, visit State Street’s website at www.statestreet.com.

* AUM reflects approx. $36 billion (as of September 30, 2017) with respect to which State Street Global Markets, LLC (SSGM) serves as marketing agent; SSGM and State Street Global Advisors are affiliated.


Important Information

All information has been obtained from sources believed to be reliable, but its accuracy is not guaranteed. There is no representation or warranty as to the current accuracy, reliability or completeness of, nor liability for decisions based on such information and it should not be relied on as such.

State Street Corporation, One Lincoln Street, Boston, MA 02111-2900

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Lydia Cambata
020 395 7319
lcambata@statestreet.com
@StateStreet

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