Lou Maiuri to Head State Street Global Exchange
July 29 2015 - 8:30AM
Business Wire
State Street Corporation (NYSE: STT) announced today that it has
named Lou Maiuri to head its Global Exchange business. Maiuri, an
executive vice president and industry veteran with more than 25
years of experience in technology and financial services, will
report directly to Mike Rogers, president and chief operating
officer of State Street.
“Having led our securities finance and investment management
servicing businesses, Lou has a keen understanding of the needs of
our buy-side clients,” said Rogers.
Prior to joining State Street in October 2013, Maiuri held
various roles at BNY Mellon including deputy chief executive
officer of asset servicing, head of the global financial
institutions group within the asset servicing business and also as
a member of the Operating Committee. Earlier in his career, Maiuri
held the roles of chief operating officer and chief executive
officer of Eagle Investment Systems LLC and worked at Fidelity
Investments in both the fixed income and equity investments
divisions. Nearly two decades ago he served as a vice president in
technology at State Street.
“As our entire industry continues to adapt to disruptive
elements, it is increasingly important to use data and analytics
for insights and focus on execution,” said Maiuri. “I’m committed
to not only capturing new ideas that will help us innovate rapidly,
but also to strengthening the information and technology advantage
we already have in place to deliver additional front office
solutions for the buy-side.”
Dick Taggart, executive vice president and global head of State
Street’s Investment Manager Services (IMS) group, will continue
reporting to Lou. Taggart is responsible for strategy, business
management, and client services for investment manager clients
using State Street’s middle-office services.
“By aligning our middle office business and its technology
platforms with Global Exchange, we expect to create additional
opportunities to better service our clients and manage their data,
providing them with increasingly valuable information and
investment insights they’re looking for,” continued Maiuri.
Paul Fleming, senior vice president, will assume Maiuri’s former
responsibilities leading the securities finance group, where he
will be responsible for the global strategic direction and
operations of both the agency and principal lending programs. He
will report to Karen Keenan, executive vice president.
About State Street
State Street Corporation (NYSE: STT) is one of the world's
leading provider of financial services to institutional investors
including investment servicing, investment management and
investment research and trading. With $28.7 trillion in assets
under custody and administration and $2.4 trillion* in assets under
management as of June 30, 2015, State Street operates in more than
100 geographic markets worldwide, including the US, Canada, Europe,
the Middle East and Asia. For more information, visit State
Street’s web site at www.statestreet.com.
* Assets under management include approximately $26.7 billion as
of June 30, 2015, for which State Street Global Markets, LLC, an
affiliate of SSGA, serves as the distribution agent.
CORP-1536
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State Street CorporationAnne McNally, +1
617-664-8576aemcnally@statestreet.com@StateStreet
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