State Street Names Michael F. Rogers to President and Chief Operating Officer
December 17 2014 - 9:42AM
Business Wire
Gunjan Kedia and Wai Kwong Seck Also Promoted to State Street’s
Management Committee, the Company’s Senior-Most Strategy and Policy
Making Group
State Street Corporation (NYSE: STT), today announced that its
Board of Directors has appointed Michael (Mike) F. Rogers to
president and chief operating officer (COO). He will continue to
report to Jay Hooley, chairman and CEO of State Street.
State Street appointed Michael (Mike) F.
Rogers to president and chief operating officer (COO). (Photo:
Business Wire)
Rogers, age 57, has more than three decades of experience
leading asset servicing and trading businesses. He joined State
Street in 2007 following its acquisition of Investors Financial,
where he served as president for six years. Since joining State
Street he has held a number of leadership positions including head
of its investment servicing business in the Americas and research
and trading business globally. Since 2010, Rogers has been a member
of the company’s Management Committee, State Street’s senior-most
strategy and policy making group. As president and COO, in addition
to his current responsibilities, Rogers will have overall
accountability for Information Technology, Global Operations and
State Street’s Global Exchange business.
“Mike is a great leader with a strong knowledge of our industry
and, importantly, our clients and their needs,” said Hooley. “He
has been instrumental to our past success and I have no doubt he
will continue to make a strong impact on our future.”
“This is a time of tremendous opportunity within our industry as
well as one of increased complexity and challenges,” said Rogers.
“My focus will be on strengthening the considerable advantages we
have as an organization including our fiduciary heritage, global
footprint, scale and technology leadership for the benefit of all
of our stakeholders.”
State Street also announced today the appointment of two
executive vice presidents to its Management Committee. Gunjan
Kedia, age 43, who heads the company’s investment servicing
capabilities in the Americas for mutual fund, insurance and
institutional clients, and Wai Kwong Seck, age 59, head of State
Street’s Global Services and Global Markets businesses in the Asia
Pacific region.
Kedia, who reports to Mike Rogers, joined State Street in 2008
from Bank of New York Mellon where she held senior roles including
head of global product management. Prior to this she was a partner
at McKinsey & Company. Seck, who reports to Joe Antonellis,
vice chairman and head of international, joined State Street in
2011 from the Singapore Exchange, where he served as chief
financial officer for eight years. He previously held senior
executive positions with organizations including DBS Bank, Lehman
Brothers, the Government of Singapore Investment Corporation and
the Monetary Authority of Singapore.
“These promotions to our senior-most leadership team reflect the
considerable contributions that Gunjan and Wai Kwong have made to
the success of our business,” said Hooley. “With their diverse
backgrounds and global expertise, they provide an excellent
complement and range of skills to our management team.”
About State Street Corporation
State Street Corporation (NYSE: STT) is one of the world's
leading providers of financial services to institutional investors
including investment servicing, investment management and
investment research and trading. With $28.47 trillion in assets
under custody and administration and $2.42 trillion* in assets
under management as of September 30, 2014, State Street operates in
more than 100 geographic markets worldwide, including the US,
Canada, Europe, the Middle East and Asia. For more information,
visit State Street’s web site at www.statestreet.com.
* Assets under management include the assets of the SPDR® Gold
ETF (approximately $30 billion as of September 30, 2014), for which
State Street Global Markets, LLC, an affiliate of SSgA, serves as
the distribution agent.
Photos/Multimedia Gallery Available:
http://www.businesswire.com/multimedia/home/20141217005438/en/
State Street CorporationAlicia Curran Sweeney,
+1-617-664-3001aacurran@statestreet.com@StateStreet
State Street (NYSE:STT)
Historical Stock Chart
From Mar 2024 to Apr 2024
State Street (NYSE:STT)
Historical Stock Chart
From Apr 2023 to Apr 2024