State Street hires former IG Germany CEO, Simona Stoytchkova
Ms. Stoytchkova joined State Street from IG Europe, where she was Managing Director, Country Head for Germany and the Netherlands, and a member of the Executive Board of IG Europe.
Simona Stoytchkova has been appointed Head of the Global Markets division for Europe at State Street Bank International, based in Frankfurt, Germany.
The Global Markets division provides research, trade, and securities lending services in foreign currency, stocks, fixed income, and derivatives.
As head of the division, she will be in charge of ensuring customers’ access to networked liquidity, financing, and research from her team.
Simona Stoytchkova was listed among the “Most Inspiring Women” in Germany as part of the “40 over 40” campaign in 2020. Her focus on diversity and inclusion won her a spot as a member of the jury for the Impact of Diversity Awards in 2021.
Ms. Stoytchkova joined State Street from IG Europe, where she was Managing Director, Country Head for Germany and the Netherlands, and a member of the Executive Board of IG Europe.
Before onboarding IG, she served at Baader Bank for three years as Global Head of Electronic Trading Sales and Prime Clearing Services.
The 20-year investment banking veteran has served in leading firms across the globe, including Deutsche Bank, Morgan Stanley, Lehman Brothers, and Société Générale.
“I am very excited to join #statestreet as Head of Global Markets Europe, a dynamic and growing business, and very much look forward to working with our clients and colleagues across Europe to ensure that we continue to evolve and meet our businesses‘ growing needs in this fast-changing and developing market”, said Ms. Stoytchkova on LinkedIn.
Earlier this year, she gave an interview for Curaze, stating what she most enjoyed about her job: “I love the variety and the daily excitement that the financial markets offer. Sometimes it’s like being on a rollercoaster, there are a lot of ups and downs, no two days are the same, and sometimes the excitement even gives you goosebumps.
“Negative interest rates, for example, would have been something unthinkable during my studies… The idea of a negative oil price hadn’t really been foreseen by anyone either… The latest market movements with Reddit shares have also caused a lot of excitement… And new technologies such as AI or Blockchain are also bound to turn many existing ones inside out. The financial world will always remain very exciting.”
