State Street has appointed a head of asset owner and official institutions sector solutions for EMEA who is joining the custodian bank after 14 years with BNP Paribas.
Angela Summonte will be responsible for leading the State Street’s sales strategy for the asset owner and official institutions sectors across the region, working closely with the product development team.
She joins State Street in Frankfurt and will report to Maria Cantillon, head of sector solutions for EMEA. The regional asset owner and official institutions sector solutions teams will report to Summonte directly.
Summonte has spent the past 14 years with BNP Paribas in various sales roles across banking, global custody and fund administration. Most recently, she was head of asset owner sales for Germany and Austria, responsible for all sales activities in both countries focusing on priority prospects and transformation deals.
“I’m confident that Angela’s significant sales experience and deep knowledge of our client base and industry trends will drive new opportunities in the asset owner and official Institutions sectors in EMEA,” commented Cantillon.
“In addition, her dedicated focus will help us continue to deliver the highest quality service and innovative solutions to our clients and prospects.”
State Street recently closed its $2.6 billion acquisition of front-office trading technology provider Charles River, and has appointed the head of its Global Exchange business as CEO of the newly acquired business.
The bank added that Peter Lambertus, formerly CEO of Charles River Development, will continue to play an important role with the company as a strategic consultant during the transition.