State Street has appointed Lou Maiuri, previously head of State Street’s Global Markets and Exchange businesses, to the role of Chief Operating Officer. In this capacity, he will have overarching responsibility 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 President and CEO Ron O’Hanley.
State Street's CEO Ron O'Hanley said: “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 deliver our front-to-back investment servicing platform and become a true technology-driven scale provider.”