State Street has appointed Tomas Truzzi as CEO of State Street Brazil, replacing Telly Theodoropoulos, who has led operations in the country since its foundation in 2019.
In the role, Truzzi will be responsible for overseeing all strategic initiatives and operations within the country, with a view to promoting growth within one of Latin America’s key markets.
“We are pleased to announce the appointment of Tomas as CEO of State Street Brazil, recognising his dedication and contributions,” said Chris Pizzotti, global head of FX voice trading. “For several years he has been instrumental in our expansion in Brazil and has helped position State Street to be among the top 12 local banks in FX. His extensive industry knowledge and experience has helped drive growth and I am confident that under his leadership, State Street Brazil will continue to deliver for our clients and advance our strategic plans more broadly in Latin America.”
Truzzi joined State Street Brazil in 2019 as head of FX trading. In his previous role, he oversaw the foreign exchange market making desk and managed Banco Commercial’s local treasury function.
Prior to joining State Street, Truzzi worked for Standard Chartered in Brazil as head of trading, responsible for reorganising its local fixed income, foreign exchange, and derivatives businesses. Before that, he served in several roles at Morgan Stanley throughout a 13-year term and managed trading desks in Sao Paulo, New York, and London, with a focus on FX, fixed income, and derivatives.
As CEO, Truzzi will report to both Chris Pizzotti, global head of FX voice trading and to Marcia Rothschild, head of Latin America and the Caribbean.
“I would like to thank Telly for his outstanding work and for building a strong culture that Tomas will certainly carry forward, and for creating a strong foundation for State Street Brazil to continue to build on in the years to come,” said Rothschild.
Theodoropoulos is returning to the firm’s headquarters in Boston, for a new role where he will focus on the global integration and expansion of CF Global Trading.