He brings over 30 years’ experience in financial services, with a core focus on digital payments, cross-border remittances and fintech development.
Leading the offices for the past six years was Stephan Schönwälder, a former McKinsey & Company partner who joined Russell Reynolds Associates following a five year spell at rival Spencer Stuart in Dubai.
The senior appointments are the latest in a series of strategic moves and enhancements State Street has made in the past year to strengthen its talent, enhance its technology and deepen relationship with its asset owner clients.
Target specialises in oil and gas projects and marine work with operations in the UAE, Qatar and Saudi Arabia, its website says.
With more than 10 years of expertise in the Middle East, Shiraz is known for his contentious and non-contentious employment experience and advises multinationals and local companies on all aspects of UAE labour law and DIFC employment law issues