Further Strengthens State Street’s Market-Leading Foreign Exchange
Solutions Business
BOSTON & LONDON--(BUSINESS WIRE)--
State Street Corporation (NYSE: STT) today announced that industry
veteran David Ullrich has rejoined State Street as North American head
of sales for FX Connect, a market-leading foreign exchange (FX)
execution venue that helps asset managers to efficiently manage multiple
portfolios, connect with liquidity providers and streamline global FX
operations.
Ullrich rejoins State Street from FlexTrade, where he was senior vice
president of Execution Strategies, responsible for expanding their FX
offering. Prior to that he held various positions at Credit Suisse, Bank
of America and Morgan Stanley. Ullrich previously worked for State
Street as head of asset manager FX sales for North America.
“We are looking forward to David’s return to State Street,” said
Beverley Doherty, global head of FX Connect. “The skills and knowledge
that David brings from his more than 30 years of FX experience across
the buyside and the sellside, including his knowledge of our
institution, will add tremendous value to our business, particularly as
we look to develop and deploy new functionality to meet our clients’
evolving needs.”
State Street is a market leader in FX services. The firm’s FX connect
platform was recently honored with two awards from Profit & Loss
including ‘Best Platform for Hedge Funds’ and ‘Best Platform for Asset
Managers’.
For more information on FX Connect, click
here.
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 $33.10 trillion in assets under custody and administration
and $2.80 trillion* in assets under management as of December 31, 2017,
State Street operates in more than 100 geographic markets worldwide,
including the US, Canada, Europe, the Middle East and Asia. For more
information, visit State Street’s website at www.statestreet.com.
*AUM reflects approx. $35 billion (as of December 31, 2017) with
respect to which State Street Global Markets, LLC (SSGM) serves as
marketing agent; SSGM and State Street Global Advisors are affiliated.
State Street Corporation One Lincoln Street, Boston, MA 02111-2900.
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2018 State Street Corporation - All Rights Reserved
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State Street Corporation
Brendan Paul, +1 617-662-2903
BPaul2@StateStreet.com
@StateStreet
Source: State Street Corporation