State Street has announced that its digital division, State Street Digital, has added three executives to its leadership team.
Katie Richards joins the firm as global head of operations and Marcus Grubb as global head of product. Both will report to Nadine Chakar, head of State Street Digital.
Additionally, Derren Selvarajah has been appointed product PMO lead for the product strategy team and will report to Grubb.
Based in Zurich, Richards will be responsible for driving the execution of the firm’s strategy and developing sustainable and scalable operational solutions.
She brings more than 25 years of experience in developing strategy, delivering digital products and services, leading teams and transforming operational models across business functions.
Richards joins State Street from Cyber Capital, a crypto investment management company, where she was CEO. Prior to this, she held senior positions at Falcon Private Bank, UBS and Credit Suisse.
Grubb will be responsible for developing and driving end-to-end product strategy at State Street Digital’s London office. He brings expertise in business acquisition, transformation and strategic business development to the role.
Previously, he was CEO of BlockEx, a provider of white-label asset digitisation and trading technology, between 2020 and 2022. Grubb also served as director of market development and senior advisor for the World Platinum Investment Council and CEO of Swapstream, a derivatives exchange system.
Selvarajah will be based in London, where he brings experience in securities services, wholesale banking, financial markets processing and platforms across asset classes and geographies.
Before joining State Street, Selvarajah worked with Standard Chartered Bank as global head of securities service technology, innovation, digital transformation and delivery.
Speaking on the appointments, Chakar says: “We are thrilled to welcome Katie, Marcus and Derren to the State Street Digital team. All bring deep global expertise and proven track records in driving growth and strategy in the digital asset and crypto space, their leadership will be essential as we continue to expand our capabilities to serve the growing demand for digital custody solutions.
“We are committed to our mission to lead the evolution of digital markets and help our clients stay ahead of it, with Katie, Marcus and Derren on board we are even better positioned to achieve it.”
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