Current managing director René Charrière will stay with the firm in a senior relationship management role during the handover phase, which will last until July.
Steiner has most recently served as head of UBS Fund Management Switzerland, where he spent more than 13 years. He has also worked in senior positions in fund management and product development in the Swiss and European fund markets.
State Street vice president Jörg Ambrosius said, “We’re privileged to welcome Markus Steiner to State Street’s management team in Zurich as he brings a wealth of experience to the role.
“We look forward to working with him.
“With Dr. Steiner’s appointment and René Charrière taking on a key relationship management role, we are well positioned to further expand our business in Switzerland.”
State Street Corporation, which operates in more than 100 markets across the globe, has $2.2t of assets under management.
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