State Street names head of investment services

State Street Corporation has appointed Joerg Ambrosius, executive vice president and chief commercial officer, as president of Investment Services, State Street’s largest business.
Ambrosius brings more than 30 years of financial services experience, with a track record of leading client management, sales and revenue growth, focusing on the needs of asset managers and institutional investors. He assumed an expanded role in October 2023 with overall leadership of the investment services’ client-facing activities and full responsibility for its international organization to better enable a differentiated client experience for clients worldwide.

The financial services provider stated that appointing a leader focused on the investment services business will enhance execution, streamline decision-making, and improve client delivery of products and services.

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Ron O’Hanley, chairman and chief executive officer of State Street, said: “Joerg has been instrumental in driving our Investment Services growth agenda and delivering deep client satisfaction and strong results.”

Mostapha Tahiri will remain as State Street’s chief operating officer.

O’Hanley continued, “ Joerg’s appointment, coupled with Mostapha’s focus on operational excellence and productivity for the benefit of clients, demonstrates State Street’s commitment to leadership and value creation in this market.”

Ambrosius and Tahiri will continue to report directly to O’Hanley.