State Street Strengthens Derivative Servicing Capabilities with Two Senior AppointmentsKevin Sullivan, State Street Corporation
April 19 2007 - 10:00AM
Business Wire
State Street Corporation (NYSE: STT), the world�s leading provider
of financial services to institutional investors, today announced
the appointments of Kevin Sullivan and Neil Wright to senior vice
presidents with responsibility for overseeing the ongoing
development of State Street�s derivative processing capabilities.
Sullivan co-founded Eagle Investments Systems in 1989. The company
was acquired by Mellon Financial in 2001, and Sullivan remained to
serve as Eagle�s chief technology officer up until 2006. As a
product specialist at State Street, Sullivan will be responsible
for building the technology infrastructure to support the company�s
derivative processing. Wright joined State Street from Citigroup
where he was a director of derivative operations. Prior to this
role, he was senior vice president of asset manager solutions for
JPMorgan Chase. As a product expert, he will be responsible for
developing strategies to support State Street�s derivative
servicing capabilities working closely with the business leaders,
derivative specialists and information technology teams. �These two
industry veterans have devoted a considerable portion of their
respective careers to developing the most sophisticated derivative
processing capabilities,� said Joseph Antonellis, vice chairman,
chief information officer and head of State Street�s North American
investor services business. �Staying ahead of industry trends and
automating the derivative servicing process will be key challenges
for service providers. We are delighted to add the extensive
experience that Kevin and Neil will bring to our teams and to the
development of a derivatives center of excellence.� Sullivan and
Wright will further build on State Street�s derivative servicing
capabilities for its customers who are increasingly using
derivative instruments as investment tools in their portfolios.
State Street Corporation (NYSE: STT) is the world's leading
provider of financial services to institutional investors including
investment servicing, investment management and investment research
and trading. With $12.3 trillion in assets under custody and $1.8
trillion in assets under management at March 31, 2007, State Street
operates in 26 countries and more than 100 geographic markets
worldwide. For more information, visit State Street�s web site at
www.statestreet.com.
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