State Street Corp. has selected Andreas Przewloka to take over from Stefan Gmuer serve as CEO and EVP for State Street Bank International GmbH. He will lead the bank's custody and investment servicing in Europe, according to a press release.

Prior to joining State Street, Przewloka served AWECWS as COO of UBS Europe SE. For this role, he will be based in Frankfurt, Germany.

"Andreas brings the financial services experience and leadership needed to continue to drive State Street's strategy and growth across continental Europe. He is a seasoned and well-respected executive, known for delivering client results, embracing innovation and having a keen understanding of the changing EMEA regulatory environment that will prove critical as we further strengthen our leadership position," Joerg Ambrosius, CCO for State Street and chairman of SSBI, said in the release. "I want to thank Stefan for his two decades of leadership of our continental European operations. Our growth across the region and standing as an industry leader is a direct result of Stefan's vision for State Street in Europe, and we are grateful he will remain in a global role as a valued member of our leadership team."

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