State Street has launched its new headquarters for Middle East and North Africa in Riyadh, Saudi Arabia. The opening marks an expansion of its operations in the country where the bank has assets under custody/administration of US$127 billion and assets under management of US$ 60 billion.
State Street first established local operations in Saudi Arabia in 2020. In 2024, the branch became an investment centre of State Street Investment Management, enabling it to offer local management of portfolios for institutional investors in Saudi Arabia.
The Riyadh headquarters will be home to the bank’s regional senior leadership and a centre for corporate functions, innovation, and collaboration. It aims to provide strategic direction and administration for State Street’s activities across the MENA region.
