State Street CEO to Retire Next Year -- Update
November 07 2017 - 9:57AM
Dow Jones News
By Justin Baer
State Street Corp. said Joseph Hooley will retire as chairman
and chief executive at the end of next year.
The custody bank said in a regulatory filing that it appointed
Ron O'Hanley, who runs the firm's asset-management arm, as
president and chief operating officer. Mr. O'Hanley will succeed
Mr. Hooley as CEO following his retirement, State Street said.
The Boston-based firm also said Michael Rogers, its current
president, will retire at the end of 2017.
Mr. O'Hanley, 60 years old, joined State Street in 2015 from
Fidelity Investments, where he served as president of asset
management and corporate services. He previously ran Bank of New
York Mellon Corp.'s money-management division.
Mr. Hooley, 60, joined State Street in 1986. He was named
president of the bank in 2008 and chief executive two years
later.
State Street picked another Fidelity alumnus, Cyrus Taraporevala
to succeed Mr. O'Hanley as president and chief executive of State
Street Global Advisors, the bank's $2.7 trillion asset manager.
Write to Justin Baer at justin.baer@wsj.com
(END) Dow Jones Newswires
November 07, 2017 09:42 ET (14:42 GMT)
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