State Street adds Al Hassoun as Country Head for Saudi Arabia and Bahrain
16 December 2024 Saudi Arabia
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State Street Corporation has appointed Majed Al Hassoun as country head for Saudi Arabia and Bahrain.
In his new role, Al Hassoun will be responsible for the development and execution of an enterprise-wide approach to growing business in the Middle East.
He will report to Oliver Berger, head of emerging growth markets, and Emmanuel Laurina, head of Middle East, Africa, and official institutions.
Based in Riyadh, Al Hassoun will act as CEO of State Street for Saudi Arabia Financial Solutions, subject to regulatory approval, and will be responsible for ensuring the entity鈥檚 compliance with regulatory and legal expectations.
Commenting on the appointment, Berger says: "We are pleased to have Majed, whose experience and network will be invaluable to State Street, to join us in implementing our growth strategy in the Middle East, driving business growth, as well as strengthening our presences and connections in Saudi Arabia and Bahrain.鈥�
Laurina adds: 鈥淢ajed has two decades of experience in the financial services industry, and his credential as a senior leader speaks volumes, making Majed a great asset to the firm. We are all excited to have Majed as a member of the core team to deliver our ambitious plan.鈥�
In his new role, Al Hassoun will be responsible for the development and execution of an enterprise-wide approach to growing business in the Middle East.
He will report to Oliver Berger, head of emerging growth markets, and Emmanuel Laurina, head of Middle East, Africa, and official institutions.
Based in Riyadh, Al Hassoun will act as CEO of State Street for Saudi Arabia Financial Solutions, subject to regulatory approval, and will be responsible for ensuring the entity鈥檚 compliance with regulatory and legal expectations.
Commenting on the appointment, Berger says: "We are pleased to have Majed, whose experience and network will be invaluable to State Street, to join us in implementing our growth strategy in the Middle East, driving business growth, as well as strengthening our presences and connections in Saudi Arabia and Bahrain.鈥�
Laurina adds: 鈥淢ajed has two decades of experience in the financial services industry, and his credential as a senior leader speaks volumes, making Majed a great asset to the firm. We are all excited to have Majed as a member of the core team to deliver our ambitious plan.鈥�
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