State Street Corporation has appointed Francisco Aristeguieta to chief executive officer for its international business.
Aristeguieta, who joins the company in July, will report to State Street president and CEO, Ron O'Hanley and become a member of the Company's Management Committee, its senior-most strategy and policy making group.
Initially based in Hong Kong, Aristeguieta will be responsible for all of State Street's business activities outside of the US including driving strategy, stewarding client engagement, developing talent, pursuing growth opportunities and increasing market share as well as deepening relationships with local government officials and regulators. He will work in partnership with State Street's global business leaders to deliver solutions, expertise and insights to clients globally.
He joins State Street from Citigroup where he most recently served as CEO of its Asia business, overseeing 60,000 people and a third of the company's earnings. Prior to that role Aristeguietaserved as head of Citigroup's business in Latin America and before that led its Transaction Services Group in Latin America encompassing securities servicing, trade and cash management, and was vice chairman for Banco de Chile. His many non-profit and industry group board appointments include Asia Society, Junior Achievement Americas, and American Chambers of Commerce of Latin America.