State Street to open MENA regional headquarters in Riyadh
27 October 2025 Saudi Arabia
Image: Mohammed/stock.adobe.com
State Street has announced it will inaugurate its Middle East and North Africa (MENA) regional headquarters in Riyadh, the Kingdom of Saudi Arabia (KSA), after it was commissioned by the Ministry of Investment Saudi Arabia.
The headquarters will function as a middle point for administration and strategic direction for State Street’s activities throughout the MENA region.
State Street initiated local operations in the Kingdom in 2020.
From 2024, KSA grew into the 11th investment centre of State Street Investment Management globally, with the capability to supervise portfolios for institutional investors in the Kingdom locally.
Assets under custody and/or administration have increased to US$127 billion along with assets under management, which have grown to $60 billion for clients in the Kingdom.
Oliver Berger, head of strategic growth markets, comments: "Saudi Arabia’s Vision 2030 is reshaping the Kingdom’s financial ecosystem, and we are proud to contribute to this transformation.
“Establishing our regional headquarters in Riyadh reflects our long-term commitment to the Kingdom, and spotlights the world class services State Street has been providing to investors from around the world for over 230 years."
Emmanuel Laurina, head of Middle East, Africa & Official Institutions at State Street Investment Management, adds: "State Street’s global strength and expertise are two of the many things that truly set us apart. We have seen keen interest from clients and prospects in the Kingdom, while global investors are excited about the opportunities the region presents.
“This new headquarters helps position us as a global leader in investment solutions and product innovation in the Middle East as one of the fastest growing and most significant economic regions in the world."
The headquarters will function as a middle point for administration and strategic direction for State Street’s activities throughout the MENA region.
State Street initiated local operations in the Kingdom in 2020.
From 2024, KSA grew into the 11th investment centre of State Street Investment Management globally, with the capability to supervise portfolios for institutional investors in the Kingdom locally.
Assets under custody and/or administration have increased to US$127 billion along with assets under management, which have grown to $60 billion for clients in the Kingdom.
Oliver Berger, head of strategic growth markets, comments: "Saudi Arabia’s Vision 2030 is reshaping the Kingdom’s financial ecosystem, and we are proud to contribute to this transformation.
“Establishing our regional headquarters in Riyadh reflects our long-term commitment to the Kingdom, and spotlights the world class services State Street has been providing to investors from around the world for over 230 years."
Emmanuel Laurina, head of Middle East, Africa & Official Institutions at State Street Investment Management, adds: "State Street’s global strength and expertise are two of the many things that truly set us apart. We have seen keen interest from clients and prospects in the Kingdom, while global investors are excited about the opportunities the region presents.
“This new headquarters helps position us as a global leader in investment solutions and product innovation in the Middle East as one of the fastest growing and most significant economic regions in the world."
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