State Street Expands Leadership Organization
September 23 2020 - 10:07AM
Business Wire
Changes to State Street AlphaSM Team Reflect
Growing Client Demand For Integrated Investment Servicing Platforms
and Solutions
State Street Corporation (NYSE: STT) today announced that it has
strengthened its leadership team for State Street AlphaSM, its
open, front-to-back investment servicing platform for institutional
and wealth management firms. State Street Alpha provides an
enterprise outsourced platform across front office solutions,
analytics, liquidity, data management, and outsourced middle and
back office services. The new appointments span both software and
outsourced services expertise and experience.
Spiros Giannaros has been named chief executive officer of
Charles River Development (CRD). CRD is a leading provider of front
office software solutions for the institutional and wealth
management industries and is a foundational technology of the Alpha
platform and innovation agenda. Giannaros, who was appointed
president of CRD in December 2019, is now responsible for all
aspects of CRD’s global business and will report to John Plansky,
global head of State Street AlphaSM . Giannaros has taken a lead
role in driving Alpha to cloud computing through a previously
announced strategic relationship with Microsoft and delivering on
inter-operability commitments through previous announced
relationships with MSCI and Qontigo. He is also leading the
development of State Street’s innovative platform offerings,
including enterprise data management, warehousing and data
delivery.
Prior to joining State Street, he served as a Partner at IHS
Markit (formerly Markit). In this role, he was responsible for the
firm’s EDM, warehouse and reporting businesses, software managed
services, and the thinkFolio business, an order management and
portfolio modeling system. Giannaros previously spent 15 years at
CRD, where he was a managing director of the Americas and had
management oversight of CRD’s Broker Dealer business.
Dick Taggart, executive vice president, will expand his
responsibilities to manage State Street AlphaSM Services which
comprises State Street’s leading data management outsourcing
services, DataGX, and middle office outsourcing services,
Investment Manager Services (IMS). Data management and middle
office outsourcing are fundamental service offerings for Alpha that
provide institutional and wealth management firms leading
capabilities, scale and inter-operability with third party solution
and outsourced providers. State Street Alpha Services leverages the
deep expertise of global 24x7 service delivery teams, and the
innovation of CRD and State Street’s proprietary technology.
Combining data management and middle office services offers clients
global scale and seamless servicing across their full breadth of
data, middle office and back office outsourcing requirements.
Taggart has held a variety of leadership positions across State
Street as head of the IMS business, and State Street Global
Advisors as global head of operations. Prior to State Street he was
head of global operations at Alliance Bernstein responsible for
Institutional Investment Management Operations, Fund Services and
Broker-Dealer Operations as well as a number of global operations
positions at Morgan Stanley including Transformation Services,
Institutional Equity Operations, Global Custody Operations and MSCI
Product Development.
“State Street Alpha has quickly become a leading platform for
Institutional and Wealth Managers globally and we are committed to
attracting the top talent in the industry. We couldn’t be more
pleased than to have Spiros and Dick, working together and across
State Street, driving our platform,” said Plansky. “As Alpha
becomes increasingly foundational to our clients’ decision-making
and growth objectives, we are continually looking for ways to
enhance our offerings to help them work faster, smarter and more
efficiently.”
Plansky will also oversee an expanded organization, with an
increased focus on State Street Alpha platform management across
all Institutional and Wealth participants, State Street Alpha
Analytics, client digital experience and data delivery.
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 $33.52 trillion in assets
under custody and/or administration and $3.05 trillion* in assets
under management as of June 30, 2020, State Street operates
globally in more than 100 geographic markets and employs
approximately 39,000 worldwide. For more information, visit State
Street's website at www.statestreet.com.
* Assets under management as of June 30, 2020 includes
approximately $67 billion of assets with respect to which State
Street Global Advisors Funds Distributors, LLC (SSGA FD) serves as
marketing agent; SSGA FD and State Street
3252230.1.1.AM.RTL
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Expiration Date: September 30, 2021
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Zarna Patel zpatel@statestreet.com +1 617 756 2911
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