From 0 to 800. State Street Bank Poland celebrates 1 year anniversary of its Gdansk Office

It has been a year today since State Street opened its new office in Gdańsk. The office, which was officially opened on March 22, 2016 by Jay Hooley, State Street CEO, and Scott Newman, Poland Branch Manager, has just accomplished a successful first year of operations in Tricity with unprecedented growth in the entire region.

From 0 to 800

Within 12 months the office has grown from zero to 800 staff. This has been achieved through a combination of staff relocation from Krakow, recruitment of graduates and professionals from the local market as well as the ability to attract individuals from across Poland and abroad. In total, State Street has enabled over 130 relocations from outside the region which is reflective of the attractive career opportunities available at State Street Bank and the life-style Tricity has to offer.

Successful 12 months

Growth has been rapid across business operations and the company has successfully established 15 departments in its new office. Gdansk-based staff can now deliver the core financial services offered by State Street in Poland, which include: Fund Accounting, Securities Valuations, Derivatives processing, Hedge Funds Administration, Financial Reporting, to name a few.

State Street is not the first company to settle in Gdańsk!

Future plans

State Street office, housed in the Titanium tower of Alchemia, a top class business complex in Gdansk, can accommodate as many as 1,800 staff.

We are delighted to see we have achieved so much within just a year and look forward to growing even further in Gdansk. We continue to look for candidates to join our team in Gdansk and have a plan for additional 500 roles by end of this year’ comments Scott Newman. ‘Thanks to the growing new business pipeline, we are well-positioned to offer a number of interesting roles and development opportunities, adds Scott, who has recently been twice awarded the title of Best Manager of the Year - at the CEE SSC and Outsourcing Awards Gala in Warsaw and the Outsourcing Stars Gala in Lublin.

The unquestionable achievements of the first 12 months of the Gdansk office operations undoubtedly contributed to this recognition. State Street operations in Gdansk were established in response to increasing business demand.

State Street has been one of the most important investments within the complex business services sector of GdaÅ„sk in recent years. The company’s operation creates career opportunities for local graduates as well as specialists in finance and banking, an opportunity to develop their professional qualifications and gain valuable experience with a leading global financial services provider. says Alan Aleksandrowicz, InvestGDA. We are pleased to see this unprecedented growth of State Street Bank in the region, which in addition proves that Tricity is a good place to work and live.

Source: State Street press release