GERMANY – State Street Global Markets is raising its profile in transition management in Germany by opening an office in Frankfurt.
At a ceremony marking the office opening, State Street executive vice president Stan Shelton said: "The Frankfurt branch allows us to support our clients locally with State Street's unique value proposition-defining and implementing their portfolio strategies and bringing buyers and sellers of assets together in a way that facilitates best execution, transparency and efficiency."
"State Street has had a long history in Germany since we opened our first European office in Munich over 30 years ago," said Edouard Stirling, general manager of the State Street branch. "Europe continues to be a high growth region for State Street, and Germany a particularly important market as the effects of consolidation in the financial sector continue.”
He said that State Street’s 1.5 billion dollar acquisition of Deutsche Bank’s global securities services business “dramatically increases our footprint in Germany and across Europe”.
“Our new Frankfurt office will allow us to deepen our strategic partnerships with clients throughout Europe through our broad range of specialised research, global trading, transition management and technology services.”
State Street employs over 400 investment professionals in Germany with offices in Frankfurt, Eschborn and Munich.
The global markets business comprises State Street’s analytical research, transition management, foreign exchange, structured products, and equity, fixed income and interest trading.