State Street appoints Tomas Truzzi as its new CEO of Brazil

Sao Paulo, Brazil, July 15, 2024 - State Street Corporation (NYSE: STT) announced today the appointment of Tomas Truzzi as the CEO of State Street Brazil. Truzzi replaces Telly Theodoropoulos, who has led State Street Brazil since its foundation in 2019. Theodoropoulos is returning to the firm's headquarters in Boston, for a new role where he will focus on the global integration and expansion of CF Global Trading.

As CEO of State Street Brazil, Truzzi will be responsible for overseeing all strategic initiatives and operations within the country, further strengthening State Street's commitment to delivering exceptional client service and promoting growth within one of Latin America's key markets.

"We are pleased to announce the appointment of Tomas as CEO of State Street Brazil, recognizing his dedication and contributions," said Chris Pizzotti, global head of FX Voice Trading. "For several years he has been instrumental in our expansion in Brazil and has helped position State Street to be among the top 12 local banks in FX. His extensive industry knowledge and experience has helped drive growth and I am confident that under his leadership, State Street Brazil will continue to deliver for our clients and advance our strategic plans more broadly in Latin America."

Tomas joined State Street Brazil in 2019 as Head of FX Trading at State Street Brazil. In his previous role, Tomas oversaw the Foreign Exchange market making desk and managed Banco Commercial's local treasury function.

Prior to joining State Street, Tomas worked for Standard Chartered in Brazil as its head of trading, responsible for reorganizing their local fixed income, foreign exchange, and derivatives businesses. Before that, he served in several roles at Morgan Stanley throughout a 13-year term and managed trading desks in Sao Paulo, New York, and London, with a focus on FX, fixed income, and derivatives.

As CEO, Tomas reports to both Chris Pizzotti, global head of FX Voice Trading and to Marcia Rothschild, head of Latin America and the Caribbean.

"I would like to thank Telly for his outstanding work and for building a strong culture that Tomas will certainly carry forward, and for creating a strong foundation for State Street Brazil to continue to build on in the years to come," concluded Rothschild.

About State Street Corporation

State Street Corporation (NYSE: STT) is one of the world's leading providers of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $43.9 trillion in assets under custody and/or administration and $4.3 trillion* in assets under management as of March 31, 2024, State Street operates globally in more than 100 geographic markets and employs approximately 46,000 worldwide. For more information, visit State Street's website at www.statestreet.com.

*Assets under management as of March 31, 2024 includes approximately $66 billion of assets with respect to SPDR® products for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) acts solely as the marketing agent. SSGA FD and State Street Global Advisors are affiliated.

© 2024 State Street Corporation

Media Contact:
Brendan Paul
+1 (401) 644-9182
[email protected]

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