State Street Names Brian Franz as Chief Information Officer
December 09 2019 - 11:00AM
Business Wire
Appointment Reflects Priority to Achieve Digital-first
Organization with Emphasis on Client and Employee Experience, Agile
Innovation and Productivity
State Street Corporation, (State Street), NYSE:STT today
announced that it has appointed Brian Franz to chief information
officer (CIO). Franz, who joins the Company in January 2020, will
report to Chief Operating Officer, Lou Maiuri and become a member
of State Street’s Management Committee, its senior-most strategy
and policy making group.
Franz comes to State Street from Diageo PLC, a publicly traded
multinational company, where he most recently served as chief
productivity officer leading information technology, enterprise
operations and business service functions across the company. Franz
joined Diageo in 2008 as global chief information officer having
served as CIO for PepsiCo International and in a number of
technology leadership roles at global companies including GE (and
GE Capital) and AT&T.
“We are delighted to have Brian join our team,” said Lou Maiuri.
“He brings to State Street a unique combination of experience,
knowledge and deep technology and operations prowess. He adds to
this a strong focus on productivity and continuous improvement, at
the core of which is a better client and employee experience. The
CIO of the future needs to be as much a business leader as a
technology visionary, and we benefit from both with Brian.
“His experience across both consumer and business-oriented
brands, particularly harnessing the power of data and analytics to
drive better client outcomes will also greatly support the
continued advancement of our State Street AlphaSM platform
strategy.”
Franz has deep experience in the deployment of artificial
intelligence, machine learning and robotics to drive efficiency and
effectiveness as well as to enable business growth and client
satisfaction. During his tenure at Diageo he led initiatives that
delivered more than £700 million in savings and advanced business
growth, including implementing cloud powered, globally scaled and
standardized solutions. Franz also has extensive cyber and
resiliency experience.
“I am excited to join State Street and to help it realize its
vision of being the world’s leading provider of asset intelligence
to the owners and managers of the world’s capital,” said Franz.
“This is a company that occupies a unique space in financial
services and one in which there is much opportunity to
differentiate through next-generation technology, high productivity
and global scale. I look forward to making a positive impact and to
leading a world-class team.”
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 $32.90 trillion in assets
under custody and administration and $2.95 trillion* in assets
under management as of September 30, 2019, State Street operates
globally in more than 100 geographic markets and employs
approximately 40,000 worldwide. For more information, visit State
Street's website at www.statestreet.com.
*Assets under management include the assets of the SPDR® Gold
ETF and the SPDR® Long Dollar Gold Trust ETF (approximately $44
billion as of September 30, 2019), for which State Street Global
Advisors Funds Distributors, LLC (SSGA FD) serves as marketing
agent; SSGA FD and State Street Global Advisors are
affiliated.
Forward-Looking Statements
This News Release contains forward-looking statements within the
meaning of United States securities laws, including statements
about roles, responsibilities and potential of State Street’s
recently appointed chief information officer, including how he may
support State Street’s strategies and business outcomes.
Forward-looking statements are often, but not always, identified by
such forward-looking terminology as “priority,” “will,” “look
forward,” “opportunity,” “expect,” “believe,” “objective,” “plan,”
“strategy,” “anticipate,” “intend,” “estimate,” “seek,” “may,”
“trend,” and “goal,” or similar statements or variations of such
terms. These statements are not guarantees of future performance,
are inherently uncertain, are based on current assumptions that are
difficult to predict and involve a number of risks and
uncertainties. Therefore, actual outcomes and results may differ
materially from what is expressed in those statements. Important
factors that could cause actual results to differ materially from
those indicated by any forward-looking statements are set forth in
our 2018 Annual Report on Form 10-K and our subsequent SEC filings.
We encourage investors to read these filings, particularly the
sections on risk factors, for additional information with respect
to any forward-looking statements and prior to making any
investment decision. The forward-looking statements contained in
this News Release should not by relied on as representing our
expectations or beliefs as of any time subsequent to the time that
this News Release is first issued, and we do not undertake efforts
to revise those forward-looking statements to reflect events after
that time.
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version on businesswire.com: https://www.businesswire.com/news/home/20191209005559/en/
Marc Hazelton +1 401 644 9182 Bpaul2@statestreet.com
@StateStreet
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