State Street Appoints Dick Taggart to Lead its North American Middle Office Business
February 28 2012 - 9:50AM
Business Wire
State Street Corporation (NYSE: STT), one of the world's leading
providers of financial services to institutional investors, today
announced the appointment of Dick Taggart to senior vice president
and head of Middle Office Outsourcing Operations across North
America for the Company’s Investment Manager Services business.
Taggart has more than 25 years’ experience in the financial
operations industry with an outstanding track record of leading
global operations sourcing strategies and significant change
programs. He will report to Jeff Conway, executive vice president
and global head of State Street’s Investment Manager Services
business, the recognized leader in providing customized investment
operations outsourcing services for global asset managers.
Taggart joins State Street from AllianceBernstein, where most
recently he was senior vice president and head of global operations
responsible for Investment Management Operations supporting
Institutional Services, Retail Mutual Funds and Private Client
businesses and managing more than 1,100 employees across 10
countries. He has particular expertise in developing and
re-engineering global financial services businesses, having
recently implemented significant outsourcing programs including the
outsourcing of AllianceBernstein’s investment operations with State
Street.
“We are pleased to have Dick join our team at State Street,”
said Conway. “Having lived and worked in North America, Europe and
Asia, Dick has extensive business operations skills and client
focus, as well as strong global experience, which are vital to our
continued industry leadership.”
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 $21.8 trillion in assets
under custody and administration and $1.9 trillion* in assets under
management at December 31, 2011, State Street operates in 29
countries and more than 100 geographic markets. For more
information, visit State Street’s web site at
www.statestreet.com.
*This AUM includes the assets of the SPDR Gold Trust (approx.
$63 billion as of December 31, 2011), for which State Street Global
Markets, LLC, an affiliate of State Street Global Advisors serves
as the marketing agent.
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