State Street Digital Expands Global Leadership Team
March 15, 2022 at 06:30 am EDT
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State Street Corporation announced that State Street Digital, the firm's dedicated digital division, has added three veteran digital executives to its leadership team. Katie Richards joins as global head of operations and Marcus Grubb as global head of product. Both report to Nadine Chakar, head of State Street Digital. Additionally, State Street announced that Derren Selvarajah has joined as Product PMO lead for the Product Strategy team.Selvarajah reports to Grubb.
Selvarajah, based in London, is joining as the Product PMO lead for the Product Strategy team. He has extensive experience in Securities Services, wholesale banking, financial markets processing and platforms across asset classes and geographies. Previously, he worked with Standard Chartered Bank as global head of Securities Service Tech, Innovation, Digital Transformation and Delivery. Grubb, based in London, will be responsible for developing and driving end-to-end product strategy for State Street Digital. He has a proven track record in new business acquisition, transformation, and strategic business development, and was most recently chief executive officer of BlockEx, a provider of white-label asset digitization and trading technology. Previously, he served as director of market development and senior advisor for the World Platinum Investment Council, managing director of investment, global spokesperson and strategist for the World Gold Council, and chief executive officer of Swapstream, a derivates exchange system. Marcus holds a Bachelor of Arts degree in modern history and economics from Queen's College, Oxford University.
State Street Corporation is a financial holding company organized around 2 areas of activity:
- investment services (83.1% of net sales): services intended mainly to mutual funds, collective investment funds, corporate and public retirement plans, insurance companies and foundations. The group provides services including custody, daily pricing, record keeping and administration, shareholder services, foreign exchange, brokerage and other trading services, securities finance, loan and lease financing, investment manager and hedge fund manager operations outsourcing, performance, risk and compliance analytics;
- investment management (16.9%). State Street Corporation offers, primarily to institutional investors, investment management and investment research services for managing financial assets, including passive and active United States and non-United States equity and fixed-income.
The United States accounts for 55.1% of net sales.
STATE STREET CORPORATION 
