David Suetens

David Suetens is currently an independent director with deep strategic financial services business and risk understanding, having worked in banking, asset management and insurance with leading industry multinationals and their Boards in Europe, North-America and Asia. He has currently two mandates: one with a material German banking entity supervised by the ECB whereby he’s a member of the supervisory board and chairs their risk committee; secondly he chairs since 2013 the Board of a material Irish Financial Services Company (depositary – supervised by the CBI). Before his career as an independent director he was the CEO for State Street Bank Luxembourg and its affiliates and an EVP within the State Street Group. In this role, he was responsible for the business strategy, client engagement, people management, IT/Data solutions in a B2B environment, operations and governance/control areas. The business area he was responsible for safeguarded more than 1 Trillion USD in assets for more than 100 global asset managers. The franchise employed approximately 1700 people across 3 sites and is a material revenue contributor to the European State Street franchise. He was a Board Member of ALFI (Luxembourg Fund Association) and LHOFT (Luxembourg House of Fintech). Earlier in his career, 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 European/Asian regulators. In this role he was also the SMR in the UK for risk.

Mr. Suetens joined State Street in May 2012 from ING Investment Management, The Netherlands 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 developing and implementing industry trend-setting technology solutions. Prior to ABN AMRO, he was a product manager with EUROCLEAR for tri-party collateral management services.

He is a frequent writer, thought-leader and presenter on newer topics affecting the industry.