State Street Corporation has appointed Lou Maiuri, previously head of State Street's Global Markets and Exchange businesses, to the role of chief operating officer.
In this role, 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.
Last year, State Street 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. This organisation includes the newly formed global clients division led by Donna Milrod.
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. Prior to State Street, Maiuri held various roles at BNY Mellon including deputy chief executive officer of asset servicing, head of the global financial institutions group within the asset servicing business and also as a member of the Operating Committee.
Earlier in his career, Maiuri held the roles of chief operating officer and chief executive officer of Eagle Investment Systems LLC and worked at Fidelity Investments in both the fixed income and equity investments divisions. More than two decades ago he served as a vice president in technology at State Street. Maiuri chairs State Street's Professional Women's Network, the company's largest Employee Resource Group.