State Street Expands Capabilities in Latin America Region
January 13 2021 - 8:30AM
Business Wire
Commences Onshore Brazilian Real Trading
Operations to Further Bolster the Firm’s Foreign Exchange Services
in Emerging Markets; Appoints Marcia Rothschild to Head of Latin
America Region
State Street Corporation (NYSE:STT) today announced that its
Brazilian bank has begun to offer full foreign exchange (FX)
trading capabilities and sales operations. State Street previously
acquired control of Natixis Brasil S.A. - Banco Múltiplo, a São
Paulo-based Brazilian financial institution in 2019.
This milestone serves as an important marker for the firm’s
broader expansion plans for the Latin American region, as this an
opportunity to better serve both its local and global clients – as
well as prospects – by bringing its market leading capabilities and
unparalleled scale to LatAm.
State Street now has 13 FX sales and trading desk locations
globally, and combined with its global custodial network, provides
clients with the highest levels of onshore access. Through local
trading desks, State Street clients have an unparalleled level of
insight into the conditions and developments impacting local
markets, as well as additional access to liquidity.
“Today’s announcement is the culmination of many years of
diligent planning,” said Tony Bisegna, global head of multi asset
class trading and research for State Street Global Markets. “Brazil
– like many other Latin American countries – is an increasingly
important market for institutional investors globally. State Street
continues to be very well positioned to help our global clients
navigate the challenges of investing in emerging markets, through
our market leading foreign exchange products, as well as our
award-winning research platform which combines State Street’s
proprietary flow information, real-time economic indicators derived
from big data, and partnerships with academics to deliver
investment strategy insights to our clients.”
State Street also announced it has appointed Marcia Rothschild
as head of Latin America with responsibility for leading sales and
deepening relationships with clients and prospects. She joins from
Vistra where she served as business development director for
Vistra’s Alternatives division. Prior to working at Vistra,
Rothschild held leadership positions at SS&C, Citigroup, and
BNP Paribas.
“I’m very excited to be leading State Street’s expansion efforts
in the Latin American region,” said Rothschild. “LatAm is a very
important region for the firm, and I believe there are tremendous
opportunities when you combine State Street’s global scale with the
local talent we have already added. I’m confident this will allow
us to continue to execute on our ambitious growth plans in the
region.”
Earlier this year, State Street was ranked by Euromoney Magazine
as number one provider in several Foreign Exchange services,
including being ranked No. 1 in Real Money Market Share for the
third consecutive year, as well as Number 1 in Research for Real
Money and Customer Satisfaction. The ranking, now in its 42nd year,
is the most comprehensive quantitative and qualitative annual study
available on the foreign exchange markets. Click here to see the
full rankings.
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 $36.6 trillion in assets
under custody and/or administration and $3.1 trillion* in assets
under management as of September 30, 2020, State Street operates
globally in more than 100 geographic markets and employs
approximately 39,000 worldwide. For more information, visit State
Street's website at www.statestreet.com.
*Assets under management as of September 30, 2020 includes
approximately $81 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.
© 2021 State Street Corporation - All Rights Reserved
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Brendan Paul Bpaul2@statetstreet.com 401-644-9182
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