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Laxman Pai, Opalesque Asia: State Street Corporation has named Lou Maiuri as its chief operating officer (COO). Maiuri was previously the head of State Street's Global Markets and Exchange business lines.
Maiuri will be responsible for State Street's IT, global delivery, global exchange, Charles River Development and product teams.
Maiuri will continue to serve on State Street's management committee and report to State Street's president and CEO, Ron O'Hanley.
Since rejoining State Street in 2013, Maiuri has held leadership roles with increasing responsibility and was instrumental in the Company's recent acquisition of Charles River Development as part of its front-to-back investment servicing platform strategy.
State Street, which has $31.62tn in assets under custody and administration and $2.51tn in assets under management, brought together all of its client facing activities including service, relationship management and sales under the leadership of Management Committee member Andrew Erickson to enable a more seamless client experience and consistent touchpoints across the globe, last year.
This organization includes the newly formed Global Clients Division led by Donna Milrod.
"Bringing together the resources that drive our operating infrastructure, technology strategy and innovation under one leader complements the moves we have made with our client-facing activities to make State Street more seamless. This will also accelerate our ability ...................... To view our full article Click here
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