State Street advances Saudi Arabia expansion

RIYADH, Saudi Arabia - State Street Corporation (NYSE: STT) today announced the appointment of Hamza Khushaim as CEO and Country Head for Saudi Arabia and Bahrain, reinforcing the firm's commitment to strengthening its local leadership, deepening client relationships and expanding its capabilities across both markets.

The appointment builds on State Street's continued investment in Saudi Arabia, where the firm has served clients for more than 25 years. State Street established local operations in the Kingdom in 2020 and launched its Middle East and North Africa regional headquarters in Riyadh in October 2025. More recently, the firm expanded its local investment servicing capabilities through an upgraded license enabling it to provide fund administration services in Saudi Arabia.

Ron O'Hanley, chairman and chief executive officer of State Street, said: "Saudi Arabia is a key growth market for State Street, and strong local leadership and talent are central to our long-term ambitions. Hamza brings extensive investment experience with deep knowledge of the Saudi market and strong relationships across the region. He will play an important role as we continue to grow our local team and capabilities, deepen client partnerships and support the development of the financial market in the Kingdom."

In his new role, Khushaim will lead State Street's growth strategy in Saudi Arabia and Bahrain, working across Investment Services and the broader organization to strengthen relationships with clients, prospects, regulators and government stakeholders. Based in Saudi Arabia, Khushaim will also serve as CEO of State Street Saudi Arabia Financial Solutions, the firm's regulated entity in the Kingdom, overseeing its management, governance and regulatory compliance. Khushaim reports to Stefan Gmuer, Head of International, Global Credit Finance, and Strategic Growth.

Khushaim brings 20 years of experience across investment management, corporate strategy, governance and financial markets. Most recently, he served as Chief Strategy Officer at Hassana Investment Company, where he helped shape the organization's long-term strategy and investment framework. During his decade at Hassana, he also served as Chief Investment Officer for International Markets and established its international investments function. Earlier in his career, he held several investment and finance roles at Saudi Aramco. Khushaim also serves on several boards and advisory bodies in Saudi Arabia.

About State Street Corporation

State Street Corporation (NYSE: STT) is one of the world's leading providers of financial services to institutional investors including investment servicing, investment management and investment research and trading. With US$59.2 trillion in assets under custody and/or administration and US$6.3 trillion* in assets under management as of September 30, 2026, State Street operates globally in more than 100 geographic markets and employs approximately 51,000 worldwide. For more information, visit State Street's website at www.statestreet.com.

*Assets under management as of September 30, 2026 includes approximately US$172 billion of assets with respect to SPDR® products for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) acts solely as the marketing agent. SSGA FD and State Street Investment Management are affiliated.

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