State Street, the US-based financial services giant, announced that it has appointed new country heads today for the company’s three key European markets including Germany, Luxembourg, and Switzerland.

According to the press release, State Street has selected Andreas Niklaus as head of its German market. Riccardo Lamanna has been appointed head of Luxembourg, and Dagmar Kamber Borens as head of Switzerland.

The selected heads will be responsible for the business development and the expansion of State Street’s brand awareness in their respective regions. Additionally, the company is planning to maintain strong and proactive regulatory relationships in the mentioned European markets.

Commenting on the recent appointments, Jörg Ambrosius, Executive Vice President and CEO, Europe, Middle East and Africa for State Street, said: “Our country heads are critical to our vision and path forward to being an essential partner for our clients. Andreas, Riccardo and Dagmar all bring significant, on-the-ground experience to their roles and are highly skilled to lead the creation and execution of an enterprise-wide growth strategy for their respective markets. I am delighted to have such strong leaders in these important countries and markets to continue to drive our European expansion and deepen our relationships with local institutional investors and regulators.”

In June 2021, State Street announced the launch of a dedicated cryptocurrency unit to meet the growing demand of its customers.

Profiles

The newly appointed heads of three European markets have strong experience in the global financial sector. Borens has more than 20 years of experience in the banking industry. Most recently, he was the designated Chief Executive Officer and country head of Quintet Private Bank Switzerland AG. Niklaus joined State Street in 2003 to manage the Depotbank and successfully integrated Deutsche Bank’s Security Services business into State Street Bank International GmbH. Lamanna, the newly appointed head of Luxembourg, joined State Street in 2010 as part of the Intesa Sanpaolo acquisition, and successfully led its Italian branch, and managed Global Services in the Netherlands prior to his most recent role.