State Street has expanded the role of Asia Pacific CEO Mostapha Tahiri to lead the firm’s Middle East business with immediate effect.
Tahiri will serve as head of the Middle East, in addition to his current responsibilities for the Asia Pacific region. He will be responsible for all business activities for the two regions, driving strategy, increasing client engagement, pursuing growth opportunities and managing diverse stakeholders such as local officials and regulators.
According to Tahiri, the Middle East is a “growth engine” for State Street and he will continue to build on the firm’s 30-year presence and on-the-ground service in the region.
Based in Singapore, Tahiri will continue to report to Andrew Erickson, chief productivity officer and head of International Business, and Lou Maiuri, president, chief operating officer and head of Investment Services.
Tahiri joined State Street in 2020 having previously held numerous leadership positions at BNP Paribas for the past 20 years, including as Asia Pacific CEO of BNP Paribas Securities Services.
Commenting on the announcement, Maiuri says: “As we continue to execute our strategy to be an essential partner to institutional investors, it is critical that we continue to look for opportunities to drive growth. The Middle East is an important market for us to grow our global business.”
Erickson adds: “Since Mostapha joined State Street in 2020, he has proven his leadership by successfully transforming and growing our Asia Pacific franchise.
“Mostapha’s extensive business development and expansion experience in emerging markets, complemented by his broad segment knowledge, makes him uniquely suited for this role.”
