State Street Corporation has appointed Hamza Khushaim as CEO and Country Head for Saudi Arabia and Bahrain. The appointment is subject to approval from Saudi Arabia’s Capital Market Authority (CMA).
Based in Saudi Arabia, Khushaim will lead State Street’s growth strategy across both markets. He will work across the company’s Investment Services business and wider organisation. His responsibilities include strengthening relationships with clients, prospective clients, regulators and government stakeholders.
Khushaim will also serve as CEO of State Street Saudi Arabia Financial Solutions, the company’s regulated entity in the Kingdom. In this role, he will oversee management, governance and regulatory compliance.
He will report to Stefan Gmuer, Head of International, Global Credit Finance and Strategic Growth.
Hamza Khushaim brings investment and strategy experience
Khushaim brings nearly 20 years of experience in investment management, financial markets, corporate strategy and governance.
Before joining State Street, he served as Chief Strategy Officer at Hassana Investment Company. He helped shape the organisation’s long-term strategy and investment framework.
During his decade at Hassana, Khushaim also served as Chief Investment Officer for International Markets. He established the company’s international investments function.
Earlier in his career, he held investment and finance positions at Saudi Aramco.
His experience spans investment leadership, strategic planning and financial markets. These roles also gave him exposure to the Saudi investment landscape.
State Street expands its leadership and operations in Saudi Arabia
Khushaim’s appointment comes as State Street continues to develop its presence in Saudi Arabia. The company has served clients in the Kingdom for more than 25 years.
State Street established local operations in Saudi Arabia in 2020. It then opened its Middle East and North Africa regional headquarters in Riyadh in October 2025.
More recently, the company upgraded its investment servicing licence in the Kingdom. The licence allows State Street to provide fund administration services in Saudi Arabia.
As CEO and Country Head, Khushaim will lead the company’s activities across Saudi Arabia and Bahrain. His responsibilities also cover the management and regulatory oversight of its Saudi regulated entity.
The appointment places regional leadership, client relationships and regulatory governance within one senior executive’s remit.
State Street outlines its Saudi Arabia growth priorities
Commenting on the appointment, Ron O’Hanley, Chairman and CEO of State Street Corporation, described Saudi Arabia as a key growth market for the company.
He said strong local leadership and talent remain central to State Street’s long-term ambitions.
“Saudi Arabia is a key growth market for State Street, and strong local leadership and talent are central to our long-term ambitions,” O’Hanley said.
He added that Khushaim brings extensive investment experience, knowledge of the Saudi market and strong regional relationships.
O’Hanley also said Khushaim would help the company grow its local team and capabilities. His remit includes deepening client partnerships and supporting the development of the Kingdom’s financial market.
State Street’s global operations
State Street Corporation is listed on the New York Stock Exchange. As of 30 September 2026, the company reported $59.2 trillion in assets under custody and/or administration.
It also reported $6.3 trillion in assets under management at the same date. State Street operates in more than 100 geographic markets and employs approximately 51,000 people worldwide.
