By Tess Stynes
State Street Corp. (STT) appointed Michael F. Rogers as its
chief operating officer, and also promoted two other company
veterans to its management committee.
The COO role was previously held by State Street's Chief
Executive Jay Hooley, 57 years old.
Mr. Rogers, also 57, remains head of the trust bank's global
markets business worldwide and head of the Americas unit of its
global services business.
He joined the Boston trust bank in 2007 following its
acquisition of Investors Financial, where he had served president
for six years. Mr. Rogers has been a member of State Street's
management committee since 2010.
A company spokeswoman said Mr. Rogers's appointment isn't part
of a succession planning program.
In addition to current responsibilities, Mr. Rogers will have
overall accountability for information technology, global
operations and State Street's global exchange business.
State Street promoted Gunjan Kedia, 43, to its management
committee, the company's most senior strategy and policy making
group. Mr. Kedia heads State Street's investment servicing
capabilities in the Americas for mutual fund, insurance and
institutional clients. Also named to the committee was Wai Kwong
Seck, 59, head of State Street's global services and global markets
businesses in the Asia Pacific region.
Write to Saabira Chaudhuri at saabira.chaudhuri@wsj.com
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