State Street has appointed Yusuf Nurbhai as head of markets UK and senior managing director.
He returns to the firm after five years at BestX, having led the company as head of the business for the last two years.
State Street acquired BestX back in 2018, in a move set to boost front-office capabilities for the firm. BestX was fully integrated into State Street as a wholly-owned subsidiary upon closure of the deal.
Read more: State Street acquires FX TCA startup BestX
Prior to BestX, Nurbhai had spent more than a decade at State Street in senior leadership roles across global markets.
In his new role, he will report to Michael Eldridge, UK country head and will lead the strategic direction and growth of State Street’s UK markets business, The TRADE understands.
Specifically, Nurbhai is set to focus on strengthening State Street’s market presence and advancing innovative, client-focused solutions.
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Nurbhai confirmed his new role in an announcement on social media.
Earlier in his career, Nurbhai held roles with State Street in equity strategy, frontier markets foreign exchange sales and trading, and macro strategy research.