Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:State Street Corp. Names COO Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, April 30, 2008

State Street Corp. Names COO

News summary by MFWire's editors

Jay Hooley, vice chairman and head of State Street’s global investment servicing, trading and research businesses, is getting a promotion. Hooley has been appointed as president and chief operating officer of State Street Corporation. He will retain all his current duties when he assumes the new position. State Street has been without a COO since the person formerly in the position, Ron Logue, was named chairman and CEO in 2004.


Company Press Release

BOSTON - (Business Wire) State Street Corporation (NYSE: STT), the world’s leading provider of financial services to institutional investors, today announced that its board of directors has appointed Jay Hooley, vice chairman and head of State Street’s global investment servicing, trading and research businesses, to president and chief operating officer. He will continue to report directly to Ronald E. Logue, chairman and CEO of State Street.

Hooley, age 51, is responsible for all of State Street’s asset servicing activities worldwide including investment servicing, investment research and trading and securities finance. Under his leadership, State Street has consistently achieved high growth, expanded its global presence and enhanced its capabilities and services for its customers. Today the company is a leading provider of investment servicing to institutional investors including alternative investment, mutual and offshore fund servicing, multi-asset class trading, securities finance and transition management.

“Jay is a proven leader with a strong knowledge of our industry and the trends shaping its future,” said Logue. “He has made a significant impact to our past success and I have no doubt as president of State Street he will have an equally profound impact on our future. His vision and in-depth understanding of our businesses will ensure that anticipating and meeting our customers’ needs always remain at the forefront of what we do.”

Since joining State Street in 1986, Hooley has held a number of leadership positions with the company. After leading the company’s US Mutual Fund sales organization, Hooley joined State Street’s shareholder servicing joint venture with Kansas City-based DST systems. From 1988 to 1990, he served as president and chief executive officer of National Financial Data Services and went on to become president and chief executive officer of Boston Financial Data Services from 1990 to 2000. During this time, he oversaw the dramatic growth of the core domestic services business and was responsible for the creation of International Financial Data Services extending the joint venture’s shareholder servicing offering to Europe and Canada. He returned to State Street in 2000 to manage its global investment servicing business and assumed his current responsibilities in 2004. Hooley, a member of State Street’s Operating Group, the company’s most senior strategy and policy-making team, was named vice chairman of State Street in 2006.

“This is a time of tremendous opportunity within our industry although one that is coupled with heightened complexity and challenges for our customers,” said Hooley. “As president and COO I am committed to continuing to leverage the considerable advantages we have established in terms of global reach, scale and investment in technology and innovation to benefit all of our constituencies.”

Hooley is an active member of a number of community organizations. He is a director on the board of the Boys & Girls Clubs of Boston, a trustee of The Prince of Wales International Business Leaders Forum (IBLF) and a member of The Boston Club’s Corporate Advisory Board, which is focused on identifying and recommending qualified women candidates for openings on corporate boards.

State Street Corporation (NYSE: STT) is the world's leading provider of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $15 trillion in assets under custody and $2 trillion in assets under management at March 31, 2008, State Street operates in 26 countries and more than 100 geographic markets worldwide. For more information, visit State Street’s web site at www.statestreet.com.

Forward-Looking Statements

This news announcement contains forward-looking statements as defined by United States securities laws, including statements about State Street’s goals, opportunities and business environment. 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, and those statements should not be relied upon as representing State Street's expectations or beliefs as of any date subsequent to the date of this release. Important factors that may affect future results and outcomes include our ability to integrate and convert acquisitions into our business; interest rates, volatility, liquidity and other factors relevant to securities, currency and other markets; our ability to attract non-interest bearing deposits and other low-cost funds; the performance and demand for the products and services we offer; the competitive environment in which we operate; our ability to continue to grow revenue, control expenses and attract the capital necessary to achieve our business goals and comply with regulatory requirements; and the other financial, market, competitive, regulatory and business factors set forth in State Street's 2007 Annual Report on Form 10-K and its subsequent SEC filings. State Street encourages investors to read its 10-K, particularly the section on Risk Factors, and its subsequent SEC filings for additional information with respect to any forward-looking statements and prior to making any investment decision. The forward-looking statements contained in this press release speak only as of the date hereof, April 30, 2008, and State Street will not undertake efforts to revise those forward-looking statements to reflect events after this date.  

Edited by: Erin Kello


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2025: Q3Q2Q1
2024: Q4Q3Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly


    Sorry, no records in the database matched your search parameters. Clich back and try again.



  1. Nicsa webinar - New research by Alex Edmans and the Diversity Project - The Power of diverse thinking: How the best teams make decisions, July 1
  2. MFDF Director Discussion Series - Open Forum, July 9
  3. MFDF webinar - Mid-Year Tax Update for Registered Investment Companies, July 10
  4. MFDF Director Discussion Series - Open Forum (Philadelphia), July 15
  5. 2025 MMI Women in Advisory Solutions Forum, Jul 15-16
  6. Nicsa webinar - How Trusted GenAI is Transforming Data Access in Asset Management, July 16
  7. MFDF webinar - M&A and Consolidation in Asset Management, July 16
  8. MFDF webinar - ETF Conversions, July 17
  9. MFDF Director Discussion Series - Open Forum (New York), July 22
  10. MFDF Ask Anything webinar - AI Edition, July 24
  11. MFDF webinar - Use of Derivatives by RICs, July 29
  12. MFDF Director Discussion Series - Open Forum (Columbus, Ohio), August 20
  13. Samfund Soiree Boston 2025, August 21
  14. MFDF webinar - The Audit Committee Chair's Guide to Balancing Duties and Emerging Issues, September 3
  15. ICI ETF Conference, Sep 8-10
  16. Nicsa webinar - Reimagining Reconciliation: AI, Regulation, and Capital Markets Transformation, September 10
  17. MFDF webinar - Series Trust Funds - Compliance and Board Reporting, September 10
  18. MFDF In Focus - Board Oversight of DEI in Current Landscape, September 11
  19. MFDF webinar - MFDF 15(c) White Paper Webinar Series: Part 4 – Enforcement Action Takeaways, September 16
  20. MFDF webinar - Latest in Closed-End Funds Litigations, September 23
  21. MFDF webinar - Fixed Income Insights: Navigating Market Trends & Opportunities, September 24
  22. MFDF webinar - Risk Management Essentials for RICs and Boards, September 29
  23. MFDF webinar - Diligent - Tools for Fund Board Book, October 1
  24. 10th annual Fuse Forum, October 8
  25. MFDF webinar - Essential Strategies in Board Oversight of Operational Risk Management, October 14
  26. 2025 MMI Annual Conference, Oct 15-17




©All rights reserved to InvestmentWires, Inc. 1997-2025
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use