State Street hires from Switzerland settlement bank
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State Street hires from Switzerland settlement bank 06 August 2013London Reporter: Georgina Lavers
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State Street Global Advisors has appointed Louis de Montpellier as global head of its official institutions group. De Montpellier joins from the Bank for International Settlements in Switzerland, where he has been deputy head of the banking department since 2005.
The department is responsible for providing banking and asset management services to more than 150 central banks and international organisations. He will join SSgA at the end of September.
De Montpellier succeeds John Nugée who will retire at the end of October. Nugée will remain in an advisory capacity as a strategic consultant for the group, and will continue to provide research and participate in select client events.
De Montpellier brings more than 25 years of experience to SSgA and has expertise spanning public debt management, public asset management and private sector finance.
He has held a variety of positions at companies including Morgan Stanley, The Ministry of Finance in Belgium, European Bank for Reconstruction and Development and Credit Suisse.
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