David SuetensExecutive Vice President CEO at State Street Bank Luxembourg
David Suetens is an executive vice president and is the CEO for State Street Bank and its affiliates in Luxembourg. In this role, he is responsible for the business strategy, client engagement, operations and governance and control. The business area he’s responsible safeguards more than 1 Trillion USD in assets for more than 100 global asset managers. The franchise employs approximately 1500 people across 3 sites and is a material revenue contributor to the European State Street franchise. Prior to his current role, Mr. Suetens was international chief risk officer for State Street Corporation in London with responsibility for leading the company’s risk management function internationally and leading the interaction with the ECB, PRA/FCA and various other regulators. In this role he was also the SMR in the UK for risk.
Mr. Suetens is an independent director of the Supervisory Board of State Street Bank International Bank GmbH (Balancesheet >40 Bln in Assets), supervised by the ECB and chairs a key sub committee (risk, audit and compensation committee). He’s a Board Member of the ALFI (Lux Fund Association) and the LHOFT (Luxembourg House of Fintech)
Mr. Suetens joined State Street in May 2012 from ING Investment Management where he served as chief risk officer and a board member. Previously he served as the board member responsible for Compliance, Legal and Risk Management for ABN AMRO Asset Management and served as chair of several Fund boards. In 1998, he joined ABN AMRO, where he held various senior global positions within ABN AMRO Bank in both London and Amsterdam. Prior to ABN AMRO, he was a product manager with EUROCLEAR for tri-party collateral management services.
Mr. Suetens holds a Faculty of Law – Juris Doctor from the Catholic University Leuven and a degree in investment advice from St Aloysius University in Brussels. He holds a master’s degree in international banking law and finance from Boston University School of Law. In 2006 he followed a one year executive leadership program at INSEAD
Mr Suetens has spoken widely on business and risk topics (fund distribution, Capital Regulation, ESG and Fintech) at financial industry conferences.