State Street Appoints Industry Veteran to Lead Sales for FX Connect in North America
February 09 2018 - 9:34AM
Business Wire
Further Strengthens State Street’s Market-Leading Foreign
Exchange Solutions Business
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.© 2018 State Street Corporation - All Rights
Reserved
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State Street CorporationBrendan Paul, +1
617-662-2903BPaul2@StateStreet.com@StateStreet
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