Our Management Team

 

Stefan Gmür
Executive vice president and the chief executive officer (CEO) for State Street Bank International GmbH, Munich.

Stefan Gmür is an executive vice president and the CEO for State Street Bank International GmbH, Munich.

Prior to this role, he was head of sector solutions for Europe, the Middle East and Africa (EMEA),responsible for sales, cross-sell to existing clients, M&A and large-deal activity across all of State Street’s client sectors.

Mr. Gmür joined State Street in 2002 with 15 years of experience in new business development securities operations, client service, cash management, trade finance, equity trading, securities lending, relationship management and marketing.

Prior to joining State Street, Mr. Gmür spent five years with Deutsche Bank, based in London and Frankfurt. He served as a managing director of Global Securities Services, overseeing the client management and sales divisions in the United Kingdom, Europe, the Middle East and Africa. His responsibilities included P&L, sales/relationship management and client service for depotbank, onshore fund administration, custody, cash management and trade finance.

Prior to his appointment with Deutsche Bank, Mr. Gmür held senior level positions at Bank Leu AG, JP Morgan and The Bank of New York. 

Andreas Niklaus
Senior vice president, managing director and member of the Executive Management Board, State Street Bank International GmbH, Frankfurt

Andreas Niklaus is a senior managing director of State Street Bank International GmbH, and responsible for the Depotbank and Custody Services business units.

Mr. Niklaus joined State Street in 2003 and managed the Depotbank until 2006. Following Deutsche Bank's sale of its GSS business to State Street, Mr. Niklaus successfully integrated the Depotbank into State Street Bank International GmbH. He has been the chief operating officer since 2006.

His career began with an apprenticeship within the savings and loans association, followed by a degree in banking at the Frankfurt School of Finance. Mr. Niklaus managed various functions within Deutsche Bank's Securities Services division including Corporate Actions and Sales and Account Management for Institutional clients.

 

Kris Wulteputte
Senior vice president, chief risk officer and member of the Executive Managing Board for State Street Bank International GmbH

Based in Munich, Kris Wulteputte is responsible for the risk management across the different risk areas for the International Bank and its branches (Italy, Poland, Switzerland, Austria, Luxembourg, the Netherlands, UK). He chairs the Risk Committee and is a member of the senior governance bodies at State Street Bank International GmbH and of the Board of Directors of State Street Bank Luxembourg S.C.A. 

Mr. Wulteputte has more than 20 years of relevant experience in the banking industry and in risk management. He joined State Street from KAS BANK, a publicly traded Dutch custodian bank, where he was CFRO and a member of the board responsible for Finance, Risk, Legal and Compliance. In the late ‘90s he was a member of the Risk Management Services Group at JPMorgan in London and New York and a founding partner of RiskMetrics Group, closely involved with the introduction of quantitative risk measures like Value at Risk and Average Shortfall, and with the introduction of methodologies for market risk management, credit portfolio management and long-term scenario generation. After returning to continental Europe he held various risk management positions in The Netherlands.

He started his career as a teaching assistant in stochastic processes (Ghent University) and has been a visiting lecturer in risk management at the VU University in Amsterdam (The Netherlands). He was an independent member of the risk committee at LCH.Clearnet, a leading multi-asset clearing house and has spoken widely on risk management issues and the Basel capital accords.

Mr. Wulteputte holds a degree in engineering with great distinction from Ghent University (Belgium) part of which was the completion under the ERASMUS program of an M.Sc. in Digital Systems Engineering at UMIST (UK.).

 

Bernd Franke
Senior vice president, managing director and member of the Executive Management Board, State Street Bank International GmbH, Frankfurt am Main

Bernd Franke has been with State Street Bank since 2017. Prior to State Street Bank he was the CEO of DEALIS, the largest domestic provider of fund administration.

Mr. Franke has extensive experience in asset management and fund administration. The graduate mathematician with a degree from the University of Bonn started his professional career in the HSBC Group. From 2001 to 2007, Mr. Franke was responsible for various management functions and for the expansion and strategic positioning of INKA KAG from an in-house provider to one of the most important players in fund administration. In 2007, Mr. Franke became spokesman of the management of HSBC Global Asset Management (Deutschland) GmbH.

 

Kimberly A. DeTrask

Senior Vice President, Managing Director and member of the Executive Managing Board for State Street Bank International GmbH (SSBI)

Kimberly is the chief financial officer and treasurer of State Street’s operations in Europe, the Middle East and Africa (EMEA). Previously, she was State Street’s global head of capital management. 

Prior to joining State Street in 2013, Kimberly was a vice president in the Supervision, Regulation and Credit department at the Federal Reserve Bank of Boston, where she worked for 14 years. At the Boston Fed, she led teams of specialists covering revenue and expense analysis and forecasting; money market mutual funds; accounting; and capital planning.

Kimberly holds a bachelor degree in mathematics and economics from Canisius College and a master’s degree in finance from Boston College. She is also ABD Finance from Boston College. Kimberly is The Chartered Financial Analyst (CFA) charterholder. She also serves on the Board of Trustees for Canisius College.

 

Fabienne Baker

Senior Vice President, Chief Financial Officer (CFO) and member of the Executive Management Board of State Street Bank International GmbH (SSBI)

Fabienne Baker is responsible for all the finance functions of SSBI and its branches, and is a member of the senior governance bodies of SSBI. She is also a member of the board of directors of State Street Bank Luxembourg S.C.A. and a managing director of State Street Holdings Germany GmbH.

Fabienne has 30 years of relevant experience in banking covering all sectors and products. She also has international experience in State Street, based in Germany and Citibank, based in Switzerland, Hungary, South Africa and New York.

In addition to finance, Fabienne has handled responsibilities for the Treasury function of the Citibank EMEA Private Bank, as well as Trust and Fiduciary Services. 

Fabienne holds a bachelor degree in business and economics from the University of Lausanne, Switzerland and a Master of Business Administration from INSEAD in Fontainebleau, France.

 

Michelle Grundmann 

Senior Vice President, Client Executive and member of the Managing Board

Michelle A. Grundmann is a senior vice president, client executive, a member of the Managing Board and is responsible for European client relationships. In this role, she leads strategically complex business initiatives for the top global clients in the region.

Michelle joined State Street in February 2018, with almost 30 years of experience in custodian banking, including regulatory and business management, new business development, securities operations, client service and relationship management and strategic development. Prior to joining State Street, Michelle spent five years with JP Morgan as a board member of JP Morgan AG and a member of the management board for JP Morgan Bank Swiss SA, Geneva. She was Head of Investor Services, Germany, Austria, Switzerland and the Nordics, and managed the complete spectrum of client and regulatory business requirements where she demonstrated year on year growth for a diverse set of products. She was focused on the European depositary banking business and worked closely with her teams in the various regional jurisdictions to ensure harmonized processes and European industry best practice for clients.

Michelle completed her undergraduate degree in communication, arts and literature at Grove City College in Pennsylvania and went on to obtain her Master of Business Administration from Fordham University in New York City. She has been an active participant in diversity councils throughout her career and has served as a mentor and executive sponsor for corporate development programs. 

 

Rajen Shah

Executive Vice President and Head of Global Markets in Europe, the Middle East and Africa (EMEA)

Rajen Shah is an executive vice president and head of Global Markets in Europe, the Middle East and Africa (EMEA). Prior to this role, he was the head of Global Services Onshore EMEA and was also responsible for the Global Exchange, Investment Management Solutions and Performance Services businesses in the region. He joined State Street in July 2014.

Rajen is a member of the European Management Committee for State Street and the Executive Management Board of State Street Bank International GmbH. He is also head of the London Branch of the International Bank.

Rajen joined State Street from Citi, where for 4 years, he was responsible for leading a portfolio of businesses including Collateral Management, Securities Finance, Foreign Exchange, Liquidity and Investments. He also held key leadership positions at J.P Morgan Chase over a 15 year tenure, including EMEA Head of the Derivatives Middle Office in the Investment Bank and Global Head of Clearance, Collateral Management and Custody. Prior to this, Rajen trained and practiced as a management consultant at Accenture for 6 years.

Rajen holds a Bsc. Honours degree in business and computing and has completed executive studies at Harvard Business School.