State Street Appoints Samuel Cole to Deputy Head of E-Exchange
October 04 2010 - 1:15PM
Business Wire
State Street Corporation (NYSE:STT), one of the world’s leading
providers of financial services to institutional investors, today
announced that Samuel (Sam) Cole will join the company next month
as executive vice president and deputy head of State Street’s
e-Exchange business, a division of State Street Global Markets
which provides advanced trading solutions for a variety of markets
including foreign exchange, swaps, US treasuries and
exchange-traded derivatives, among others. The e-Exchange
suite of electronic trading solutions is one of the leading
providers in the areas of performance, innovation and flexibility.
Specific products include Currenex, GovEx and the GlobalLink suite
of FXConnect and FundConnect.
Cole, 40, will be responsible for product, technology and
operational activities across the e-Exchange portfolio. He
will be based in New York and will also be responsible for the
coordination of all State Street Global Markets activities locally.
Cole will report to Clifford Lewis, executive vice president and
head of State Street’s e-Exchange business, and will join the State
Street Global Markets Executive Management Group.
“We are very pleased to welcome Sam to the e-Exchange team,”
said Lewis. “A recognized leader, Sam will be a key part of State
Street’s strategy for helping buy-side clients maximize
opportunities presented by market structure and regulatory
changes.”
Cole joined State Street from BlueMountain Solutions, Inc., a
risk and analytics service provider, where he served as president.
He also served as the chief operating officer, co-head of trading,
and a managing principal at the parent company, BlueMountain, a $4
billion alternative asset manager focused on the broader credit and
derivatives markets. In this role, he built and led BlueMountain’s
Operations, Valuation, Capital Management, Financing, and Risk
Management functions, as well as managed its Trading team. Prior to
joining BlueMountain, Cole was a senior consultant for McKinsey
& Co. and has also worked as a private equity and defense
analyst.
Cole earned an MBA from MIT’s Sloan School of Management, a
Master of Arts from the Fletcher School of Law and Diplomacy at
Tufts University, and a Bachelor of Arts with Honors in Government
from Harvard University.
About State Street
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 $19 trillion in assets under
custody and administration and $1.8 trillion in assets under
management at June 30, 2010, State Street operates in 25 countries
and more than 100 geographic markets worldwide. For more
information, visit State Street at www.statestreet.com.
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