State Street Corporation has appointed Jörg Ambrosius and Mike Fontaine as co-heads of Global Services for EMEA.
Both appointments follow Liz Nolan’s promotion to chief executive officer EMEA and the upcoming departure of Susan Dargan.
While Ambrosius, who most recently worked as the head of Sector Solutions for the EMEA region too, will remain based in Munich, Fontaine – previously working as executive vice president US Investor Services – will relocate from Boston to Dublin. Both will report to Liz Nolan and to Andrew Erickson, head of Global Services business worldwide.
Ambrosius and Fontaine will be responsible for continue driving and executing State Street’s servicing strategy for the domestic markets in region, with Ambrosius focusing on onshore and Fontaine focusing on offshore markets.
In addition to being co-heads for Global Services in EMEA, Ambrosius will assume responsibility for State Street’s Global Exchange (GX), Investment Manager Services (IMS) and Alternative Investment Solutions (AIS) businesses in the region; while Fontaine will oversee the International Financial Data Services (IFDS) service delivery for State Street.
“The EMEA region is a key contributor to the global State Street franchise. The appointments of Jörg and Mike will further strengthen our presence within the region which, when combined with our global footprint and ongoing investment in technology and innovation, will enable us to deliver the whole of the firm to support the needs of our clients,” Nolan says.