State Street Corporation (NYSE: STT) today announced that Arindam Banerrji has been appointed as the firm's country head for India.
In this role, Mr. Banerrji will lead the growth and transformation of State Street's operations in the country.
Based in Bengaluru, Mr. Banerrji will report to Lou Maiuri, president, chief operating officer, and head of Investment Services.
'India has been an epicenter for our delivery operations for nearly two decades and will continue to play an important role in supporting our clients globally,' said Mr. Maiuri. 'Arindam's significant depth and breadth of expertise, including diverse, cross-functional, and global experiences, coupled with his deep understanding of the financial services sector, will help us enable productivity and transformation across our operations in India.'
Mr. Banerrji joins State Street from Wells Fargo, where he most recently served as the executive vice president and managing director for their operating centers in India and the Philippines. Prior to Wells Fargo, Mr. Banerrji held several leadership positions at Ernst & Young India, Deutsche Bank, J.P. Morgan, Larsen & Toubro, and Price Waterhouse.
'I am excited to join State Street and am looking forward to working with a talented team of professionals to help us deliver maximum impact to our global clients and business,' said Mr. Banerrji.
State Street established its first presence in India in 2004. Through wholly-owned and majority-owned affiliates, it has operations in Bengaluru, Chennai, Coimbatore, Hyderabad, Mumbai, Pune and Vijayawada. India is part of State Street's global operating model which supports affiliates across the Americas, Europe, Asia and the Middle East. Utilizing multiple servicing locations provides continuity of service, resiliency, and helps reduce operational risk. The company delivers high-quality investment services, expertise and full-service coverage with complementary, and overlapping, operational hours globally.
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 US$39.6 trillion in assets under custody and/or administration and US$3.8 trillion* in assets under management as of June 30, 2023, State Street operates globally in more than 100 geographic markets and employs approximately 43,000 worldwide. For more information, visit State Street's website at www.statestreet.com.
Media Contact:
Kate Cheung
+852 3556 1103
Kate.cheung@statestreet.com
*Assets under management as of June 30, 2023 includes approximately US$63 billion of assets with respect to SPDR products for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) acts solely as the marketing agent. SSGA FD and State Street Global Advisors are affiliated.
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