State Street Corp. (STT) appointed Michael F. Rogers as its
chief operating officer and also promoted two other company
veterans to its management committee.
Mr. Rogers, 57 years old, joined the Boston trust bank in 2007
following its acquisition of Investors Financial, where he had
served president for six years. At State Street, Mr. Rogers had
several leadership positions including head of its investment
servicing business in the Americas and its global research and
trading business. He has been a member of the bank'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 committee was Wai Kwong Seck,
59, head of State Street's global services and global markets
businesses in the Asia Pacific region.
Write to Tess Stynes at tess.stynes@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires