State Street Promotes from FX for Brazil Head

State Street has announced today the appointment of Tomas Truzzi as the CEO of State Street Brazil. Truzzi replaces , 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.

In his new role, Truzzi will be responsible for overseeing all strategic initiatives and operations within the country, in what the bank says is one of Latin America’s key markets.

“We are pleased to announce the appointment of Tomas as CEO of State Street Brazil, recognising his dedication and contributions,” says 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.”

Truzzi joined State Street Brazil in 2019 as head of FX trading, overseeing the market making desk and managed Banco Commercial’s local treasury function. Prior to joining State Street, he worked for Standard Chartered in Brazil as its head of trading, responsible for reorganising 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.

Truzzi reports to both Pizzotti and Marcia Rothschild, head of Latin America and the Caribbean.