State Street appoints Khushaim as Saudi Arabia and Bahrain CEO
10 November 2026 Saudi Arabia
Image: State Street
State Street has appointed Hamza Khushaim as CEO and country head for Saudi Arabia and Bahrain.
In the role, Khushaim will lead the firm's growth strategy across both markets, working across Investment Services and the broader organisation to strengthen relationships with clients, prospects, regulators, and government stakeholders.
Based in Saudi Arabia, 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.
He reports to Stefan Gmuer, head of international, global credit finance and strategic growth.
The appointment follows State Street's continued investment in Saudi Arabia, where the firm has served clients for more than 25 years.
State Street established local operations in the Kingdom in 2020 and launched its Middle East and North Africa regional headquarters in Riyadh in October 2025.
More recently, the firm expanded its local investment servicing capabilities through an upgraded licence enabling it to provide fund administration services in Saudi Arabia.
Khushaim brings nearly 20 years of experience across investment management, corporate strategy, governance, and financial markets.
Most recently, he 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, Khushaim also served as chief investment officer for international markets and established the firm's international investments function.
Earlier in his career, he held investment and finance roles at Saudi Aramco.
Ron O’Hanley, chairman and CEO of State Street, states: “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.”
In the role, Khushaim will lead the firm's growth strategy across both markets, working across Investment Services and the broader organisation to strengthen relationships with clients, prospects, regulators, and government stakeholders.
Based in Saudi Arabia, 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.
He reports to Stefan Gmuer, head of international, global credit finance and strategic growth.
The appointment follows State Street's continued investment in Saudi Arabia, where the firm has served clients for more than 25 years.
State Street established local operations in the Kingdom in 2020 and launched its Middle East and North Africa regional headquarters in Riyadh in October 2025.
More recently, the firm expanded its local investment servicing capabilities through an upgraded licence enabling it to provide fund administration services in Saudi Arabia.
Khushaim brings nearly 20 years of experience across investment management, corporate strategy, governance, and financial markets.
Most recently, he 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, Khushaim also served as chief investment officer for international markets and established the firm's international investments function.
Earlier in his career, he held investment and finance roles at Saudi Aramco.
Ron O’Hanley, chairman and CEO of State Street, states: “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.”
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