State Street appoints new country heads for Germany, Luxembourg and Switzerland

New senior appointments will be responsible for developing business, stewarding client engagement, and building on State Street’s market network in Europe.

Boston-based investment bank State Street has made three leadership changes for its business in Germany, Luxembourg and Switzerland, as it looks to continue driving forward with its expansion in Europe.

Andreas Niklaus has been appointed country head of Germany having been chief operating officer since 2006 where he was responsible for global services in Germany, Austria and the Nordics. He was also previously European head of depositary services.

Niklaus originally joined State Street in 2003 to manage the Depotbank and oversaw the integration of Deutsche Bank’s securities services business into State Street Bank International.

Elsewhere, Riccardo Lamanna has been appointed country head of Luxembourg after previously heading up Alpha business development for EMEA and working as head of State Street Global Exchange.

Lamanna originally joined Stated Street in 2010 as part of the Intesa Sanpaolo acquisition and prior to his most recent role, he led State Street’s Italian branch and managed global services in the Netherlands.

Alongside the appointment of Niklaus and Lamanna, Dagmar Kamber Borens assumes the role of country head of Switzerland after most recently serving as designated chief executive officer and country head of Quintet Private Bank Switzerland.

Previously in her career, Borens spent 18 years at UBS where she served in several senior positions, including group chief financial officer for Asia Pacific, and at Credit Suisse where she was chief operating officer for the Swiss Universal Bank.

In their respective regions, the country heads will be responsible for developing business, stewarding client engagement, and building on State Street’s brand and market network, as well as, maintaining strong regulatory relationships.

“Our country heads are critical to our vision and path forward to being an essential partner for our clients. Andreas, Riccardo and Dagmar all bring significant, on-the-ground experience to their roles and are highly skilled to lead the creation and execution of an enterprise-wide growth strategy for their respective markets,” said Jörg Ambrosius, executive vice president and CEO, EMEA for State Street. “I am delighted to have such strong leaders in these important countries and markets to continue to drive our European expansion and deepen our relationships with local institutional investors and regulators.”