State Street Expands Strategic Growth in Mexico as Part of Latin America Commitment
October 10 2024 - 8:30AM
Business Wire
- Maria Ximena Vasquez Barbosa appointed as country head of State
Street’s strategic expansion in Mexico; builds on the firm’s
ongoing expansion in Latin America
State Street Corporation (NYSE: STT) announced today its
continued strategic expansion into Mexico, marking a significant
milestone in its broader growth strategy for Latin America. The
firm has appointed Maria Ximena Vasquez Barbosa as Regional Sales
Head Latin America & Caribbean to lead the company’s efforts in
this key market. Maria Ximena will be based in Mexico City and
report to Oliver Berger, executive vice president and head of
Emerging Growth Markets for State Street.
“We are excited to continue our growth in the LatAm region with
this strategic expansion into Mexico,” said Berger. “This step will
enable us to provide our core leading services, while strengthening
our relationships with clients, partners and communities throughout
Latin America. Maria Ximena is a well-positioned leader who will
provide a strong start to our journey in Mexico.”
State Street’s growth in Mexico is part of its broader
commitment to serve the region's expanding financial markets, with
operations already established in Colombia, Chile and Peru.
“I am eager to lead our expansion efforts in Mexico and further
solidify State Street’s presence in the country and the region,”
said Maria Ximena. “Latin American growth has been on an upward
trajectory over the past few years, and I look forward to helping
to continue this momentum by working with our team to deliver
services and capabilities on behalf of our clients.”
Maria Ximena brings more than 20 years of experience in
securities services to her new role. Prior to joining State Street,
she worked for Citibank, where she spent eleven years holding
various local and regional roles in several countries throughout
LatAm, and before that she worked for Santander on Latin American
capital markets. Ximena has been recognized as an industry leader
for her participation with regulators and market participants in
Colombia, Chile and Peru.
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 $44.3 trillion in assets
under custody and/or administration and $4.4 trillion* in assets
under management as of June 30, 2024, State Street operates
globally in more than 100 geographic markets and employs
approximately 53,000 worldwide. For more information, visit State
Street's website at www.statestreet.com.
*Assets under management as of June 30, 2024 includes
approximately $69 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.
7173514.1.1.GBL.RTL
© 2024 State Street Corporation
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Media Contact: Brendan Paul Mobile: +1 401 644 9182
Bpaul2@statestreet.com
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