State Street taps Khushaim to lead Saudi, Bahrain

State Street appointed Hamza Khushaim (LinkedIn) as CEO and country head for Saudi Arabia and Bahrain, the company said in a press release. Based in the Kingdom, Khushaim will lead State Street’s growth strategy in both markets and run its locally regulated entity, State Street Saudi Arabia Financial Solutions, as CEO. He joins from Hassana Investment Company, where he was most recently chief strategy officer after a decade at the firm, including a stint as CIO for international markets, and he previously held investment and finance roles at Saudi Aramco. He has 20 years’ experience across investment management, corporate strategy, governance, and financial markets.

IN CONTEXT- The appointment comes as the US investment management giant steps up its Saudi expansion. State Street opened its Riyadh regional headquarters last October and has since secured a Capital Market Authority license to manage investment funds locally. It also plans to roll out Saudi-focused ETFs and custodian services by 2027 to tap the growing ETF demand here at home.