{"id":794931,"date":"2024-12-16T03:33:02","date_gmt":"2024-12-16T08:33:02","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/state-street-appoints-majed-al-hassoun-as-head-of-ksa-and-bahrain\/"},"modified":"2024-12-16T03:33:02","modified_gmt":"2024-12-16T08:33:02","slug":"state-street-appoints-majed-al-hassoun-as-head-of-ksa-and-bahrain","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/state-street-appoints-majed-al-hassoun-as-head-of-ksa-and-bahrain\/","title":{"rendered":"State Street Appoints Majed Al Hassoun as Head of KSA and Bahrain"},"content":{"rendered":"<p>        <!--body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p><b>State Street Appoints Majed Al Hassoun as Head of KSA and Bahrain<\/b><\/p>\n<p>RIYADH, Saudi Arabia&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nState Street Corporation (NYSE: STT) today announced the appointment of Majed Al Hassoun as Country Head Saudi Arabia and Bahrain, to drive and execute the firm\u2019s Investment Services and Global Advisors strategy.<\/p>\n<p>\nReporting to Oliver Berger, Head of Emerging Growth Markets, State Street, and Emmanuel Laurina, Head of Middle East, Africa and Official Institutions, State Street Global Advisors, Al Hassoun will drive the firm\u2019s Middle East growth strategy for Saudi Arabia and Bahrain, and be responsible for the development and execution of an enterprise-wide approach to grow State Street\u2019s business in these markets.<\/p>\n<p>\nBased in Riyadh, Al Hassoun will act as CEO of State Street Saudi Arabia Financial Solutions, subject to regulatory approval, and will be responsible for ensuring the entity\u2019s compliance with regulatory and legal expectations.<\/p>\n<p><b>Oliver Berger, Head of Emerging Growth Markets at State Street<\/b>, commented: &#8220;Our Investment Services and Global Advisors businesses are going through a significant growth journey. We are pleased to have Majed, whose experience and network will be invaluable to State Street, to join us in implementing our growth strategy in the Middle East, driving business growth as well as strengthening our presences and connections in Saudi Arabia and Bahrain.\u201d<\/p>\n<p><b>Emmanuel Laurina, Head of Middle East, Africa and Official Institutions, State Street Global Advisors<\/b>, added: \u201cMajed has two decades of experience in the financial services industry, and his credential as a senior leader speaks volumes, making Majed a great asset to the firm. We are all excited to have Majed as a member of the core team to deliver our ambitious plan.\u201d<\/p>\n<p><b>Al Hassoun<\/b> also commented: \u201cState Street\u2019s global strength and expertise are two of the many things that truly set the firm apart. I am thrilled to join the talented team of investment services and asset management experts, and look forward to working with them to create synergy across functions and further grow our presence in the market.\u201d<\/p>\n<p><b>About State Street Corporation<\/b><\/p>\n<p>\nState Street Corporation (NYSE: STT) is one of the world&#8217;s leading providers of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $46.8 trillion in assets under custody and\/or administration and $4.7 trillion* in assets under management as of September 30, 2024, State Street operates globally in more than 100 geographic markets and employs approximately 53,000 worldwide. For more information, visit State Street&#8217;s website at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.statestreet.com&amp;esheet=54166919&amp;newsitemid=20241216735077&amp;lan=en-US&amp;anchor=www.statestreet.com&amp;index=1&amp;md5=b3ff170507b3e1726e3d2fd5ee7f701c\">www.statestreet.com<\/a>.<\/p>\n<p><i>* Assets under management as of September 30, 2024 includes approximately $83 billion of assets with respect to SPDR\u00ae 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.<\/i><\/p>\n<p>\n\u00a9 2024 State Street Corporation<\/p>\n<p>\nExpiration Date: December 31, 2025<br \/>\n<br \/>Tracking Number: 7437055.1.1.EMEA.RTL<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20241216735077r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20241216735077\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20241216735077\/en\/<\/a><\/span><\/p>\n<p><b>Media:<br \/>\n<\/b><br \/>Michel Chau<br \/>\n<br \/>+44 (0) 7500 682982<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:mchau@statestreet.com\">mchau@statestreet.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> Bahrain Saudi Arabia Middle East<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Banking Asset Management Professional Services Finance<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\" \/>\n","protected":false},"excerpt":{"rendered":"<p>State Street Appoints Majed Al Hassoun as Head of KSA and Bahrain RIYADH, Saudi Arabia&#8211;(BUSINESS WIRE)&#8211; State Street Corporation (NYSE: STT) today announced the appointment of Majed Al Hassoun as Country Head Saudi Arabia and Bahrain, to drive and execute the firm\u2019s Investment Services and Global Advisors strategy. Reporting to Oliver Berger, Head of Emerging Growth Markets, State Street, and Emmanuel Laurina, Head of Middle East, Africa and Official Institutions, State Street Global Advisors, Al Hassoun will drive the firm\u2019s Middle East growth strategy for Saudi Arabia and Bahrain, and be responsible for the development and execution of an enterprise-wide approach to grow State Street\u2019s business in these markets. Based in Riyadh, Al Hassoun will act as CEO of State &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/state-street-appoints-majed-al-hassoun-as-head-of-ksa-and-bahrain\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;State Street Appoints Majed Al Hassoun as Head of KSA and Bahrain&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-794931","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>State Street Appoints Majed Al Hassoun as Head of KSA and Bahrain - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/state-street-appoints-majed-al-hassoun-as-head-of-ksa-and-bahrain\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"State Street Appoints Majed Al Hassoun as Head of KSA and Bahrain - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"State Street Appoints Majed Al Hassoun as Head of KSA and Bahrain RIYADH, Saudi Arabia&#8211;(BUSINESS WIRE)&#8211; State Street Corporation (NYSE: STT) today announced the appointment of Majed Al Hassoun as Country Head Saudi Arabia and Bahrain, to drive and execute the firm\u2019s Investment Services and Global Advisors strategy. Reporting to Oliver Berger, Head of Emerging Growth Markets, State Street, and Emmanuel Laurina, Head of Middle East, Africa and Official Institutions, State Street Global Advisors, Al Hassoun will drive the firm\u2019s Middle East growth strategy for Saudi Arabia and Bahrain, and be responsible for the development and execution of an enterprise-wide approach to grow State Street\u2019s business in these markets. 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