State Street Appoints European Global Markets Head

State Street Bank International has named Simona Stoytchkova as head of global markets, Europe – based in Frankfurt and subject to regulatory approval she will also join the bank’s board in Europe.

Stoytchkova joins from IG Deutschland, where she spent just under 18 months as CEO, prior to this, she was global head of e-trading sales and prime clearing at Baader Bank in Frankfurt. Prior to Baader Bank, Stoytchkova spent seven years at Societe Generale in London and Paris, most latterly as head of prime brokerage and clearing sales for the DACH region. She has also worked in markets roles at Lehman Brothers, Morgan Stanley and Deutsche Bank.

“Our Global Markets business is enjoying strong growth, and it is imperative we have the right management structure in place to build on this,” says Martine Bond, executive vice president and head of global markets EMEA at State Street. “We are therefore delighted to welcome Simona to the team.”

Stefan Gmuer, executive vice president and CEO of SSBI adds, “ Simona is a strategic and innovative thinker with a keen interest in technology, as well as substantial experience in people management across multiple geographical locations which will allow us to further strengthen the partnership with clients and prospects. She is also a passionate supporter of diversity and inclusion and in 2020 was named as being one of the Most Inspiring Women in Germany’s 40 over 40 listings. She also served as a jury member on the Impact of Diversity Awards in 2021.”