Michelle Grundmann joins State Street as head of Global Services

State Street Corporation has appointed Michelle Grundmann to the role of head of Global Services for continental and southern Europe, effective from February 2018. Based in Frankfurt, Grundman will report to Stefan Gmür, chief executive officer and speaker of the board for State Street Bank International GmbH, Munich; and Liz Nolan, co-head of Global Services for EMEA.

Grundmann has nearly 30 years of significant industry experience and a deep knowledge of the European market. She joins most recently from J.P. Morgan, where she was head of Investor Services for Germany, Austria and Switzerland. Prior to this, she held executive positions at Bank of New York Mellon, Chase Manhattan Bank, Merrill Lynch Investment Management and Bankers Trust Company of New York, in locations including Frankfurt, Belgium, Amsterdam and New York City.

Commenting on the appointment, Gmür said, “Europe remains critical to our global growth strategy and we maintain a leadership position in asset servicing in many of the continental European markets, with a proven track record and expertise in depositary services and back office insourcing in particular. We are delighted to welcome Michelle to our team whose wealth of experience across multiple segments of the financial industry will further strengthen our offering.”

Nolan added, “Michelle’s extensive experience and dedicated focus are ideal to help build on the great momentum we have achieved in Europe to date, and significantly contribute to our long-term and successful client partnerships.”