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Mike Fontaine replaces Susan Dargan in State Street EMEA role Back
Mike Fontaine will replace Susan Dargan as co-head of Global Services, EMEA at State Street Corporation. Fontaine, who was previously executive vice president, US Investor Services at State Street has relocated from Boston to Dublin. Dargan, who had announced her intention to leave State Street in March 2018, is expected step down in the coming weeks to pursue personal interests. State Street SVP Tadhg Young replaced Dargan as country head for Ireland in June 2018 and is also head of global services Ireland and the Channel Islands.
State Street also announced the appointed of Munich-based Jorg Ambrosius as Mike Fontaine's fellow Co-Head of Global Services, EMEA.
Mike Fontaine

The two new appointments follow the promotion of Liz Nolan from Co-Head of Global Services, EMEA to CEO, Global Services, EMEA and the decision by Susan Dargan to leave State Street to pursue personal interests.

Ambrosius, who most recently held the title of head of Sector Solutions, EMEA, will remain based in Munich; whilst Fontaine, who was previously held the title executive vice president, US Investor Services, has relocated from Boston to Dublin. Both will report to Nolan, as well as to Andrew Erickson, head of the Global Services business worldwide. Within their roles as co-heads of Global Services, EMEA, Ambrosius will focus on onshore with Fontaine focussed on offshore markets.

“Jorg and Mike have held various senior client-focused, risk management and operational positions in financial services for more than four decades combined,” commented Erickson. “Both have proven track records for managing delivery to some of our largest and most complex global clients, and we’re confident they will continue to add tremendous value to our business.”

“The EMEA region is a key contributor to the global State Street franchise,” said Nolan. “The appointments of Jorg and Mike will further strengthen our presence within the region which, when combined with our global footprint and ongoing investment in technology and innovation, will enable us to deliver the whole of the firm to support the needs of our clients.”

In addition to being co-heads for Global Services in EMEA, Ambrosius will assume responsibility for State Street’s Global Exchange (GX), Investment Manager Services (IMS) and Alternative Investment Solutions (AIS) businesses in the region; whilst Fontaine will oversee the International Financial Data Services (IFDS) service delivery for State Street.
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