State Street Corporation has appointed Hamza Khushaim as CEO and Country Head for Saudi Arabia and Bahrain, subject to approval from the Capital Market Authority, as the financial services provider steps up its expansion across the two markets.
Based in Saudi Arabia, Khushaim will lead the company’s growth strategy across both countries, working across its Investment Services business and the wider organisation to strengthen relationships with clients, prospective clients, regulators and government stakeholders. He will also serve as CEO of State Street Saudi Arabia Financial Solutions, the firm’s regulated entity in the Kingdom, overseeing its management, governance and regulatory compliance.
Khushaim will report to Stefan Gmuer, Head of International, Global Credit Finance and Strategic Growth.
He brings nearly 20 years of experience across investment management, financial markets, corporate strategy and governance.
Most recently, Khushaim served as Chief Strategy Officer at Hassana Investment Company, where he helped shape the organisation’s long-term strategy and investment framework. During his decade at Hassana, he also held the positions of Chief Investment Officer for International Markets and established the firm's international investments function.
Earlier in his career, Khushaim held investment and finance roles at Saudi Aramco.
The appointment comes as State Street continues to expand its presence in Saudi Arabia, where it has served clients for more than 25 years. The company established local operations in the Kingdom in 2020 and opened its Middle East and North Africa regional headquarters in Riyadh in October 2025.
More recently, State Street expanded its investment servicing capabilities in Saudi Arabia through an upgraded licence that allows it to provide fund administration services in the Kingdom.
Commenting on the appointment, Ron O’Hanley, Chairman and CEO of State Street, said: “Saudi Arabia is a key growth market for State Street, and strong local leadership and talent are central to our long-term ambitions.
“Hamza brings extensive investment experience with deep knowledge of the Saudi market and strong relationships across the region.
“He will play an important role as we continue to grow our local team and capabilities, deepen client partnerships, and support the development of the financial market in the Kingdom.”
State Street, which is listed on the New York Stock Exchange, reported $59.2 trillion in assets under custody and/or administration and $6.3 trillion in assets under management as of September 30, 2026. The company operates in more than 100 geographic markets and employs approximately 51,000 people worldwide.