State Street Corporation has named Majed Al Hassoun as the country head for Saudi Arabia and Bahrain. Al Hassoun will focus on expanding the company’s business in the Middle East.
He will report to Oliver Berger, head of emerging growth markets, and Emmanuel Laurina, head of Middle East, Africa, and official institutions. Based in Riyadh, Al Hassoun is set to become CEO of State Street for Saudi Arabia Financial Solutions, pending regulatory approval. His role includes ensuring compliance with legal and regulatory standards.
Berger expressed enthusiasm about the appointment, highlighting Al Hassoun’s valuable experience and network as critical for implementing State Street’s growth strategy in the region. Laurina praised Al Hassoun’s two decades of experience in financial services, emphasizing his leadership credentials and potential as a key team member.