State Street Appoints Country Head of Global Services China and General Manager of its Beijing Branch

Wednesday, March 7, 2018 8:40 am EST

Dateline:

BEIJING, SHANGHAI, HONG KONG, SINGAPORE

State Street Corporation (NYSE: STT) today announced the appointment of Lisa Lou as country head of Global Services China and general manager of its Beijing branch, effective from February 26, 2018.

Based in Beijing, Lou will be responsible for managing the State Street’s Global Services business and leading the firm’s China strategy. Lou will report to Richard Fogarty, senior vice president, head of Global Services North Asia .

“Lisa has a wealth of knowledge about financial services both in China and internationally. She will play a vital role helping to strengthen our local relationships with regulators and the financial industry in China, as we look to expand our servicing capabilities and grow our client base over the coming years,” said Fogarty.

Lou has more than 20 years of experience in the financial services industry. She most recently worked at JP Morgan Chase Bank China, where she was head of financial institutions and public sector clients for China and general manager of its Beijing branch. Prior to that, Lou held a number of senior management roles in Standard Chartered Bank China and HSBC Australia covering various client segments and product lines.  

State Street first established its presence in Beijing and Shanghai in 2005 and 2008 respectively and  has a technology and processing center in Hangzhou. With a Beijing branch license from China Banking Regulatory Commission and more than 2,000 employees in China*, State Street offers an array of investment servicing solutions for Chinese institutions’ overseas assets, including offshore custody and administrative services.

*Source: State Street, as of December 31, 2017


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 $33.10 trillion in assets under custody and administration and $2.78 trillion* in assets under management as of December 31, 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. $35 billion (as of December 31, 2017) with respect to which State Street Global Advisors Funds Distributors, LLC (SSGA FD) serves as marketing agent; SSGA FD and State Street Global Advisors are affiliated.


Contact:

Kate Cheung
+852 3556 1103
Kate.cheung@statestreet.com

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