State Street Corporation have announced that its Board of Directors has appointed Michael (Mike) F. Rogers to president and chief operating officer (COO). He will continue to report to Jay Hooley, chairman and CEO of State Street.
Rogers, age 57, has more than three decades of experience leading asset servicing and trading businesses. He joined State Street in 2007 following its acquisition of Investors Financial, where he served as president for six years. Since joining State Street he has held a number of leadership positions including head of its investment servicing business in the Americas and research and trading business globally. Since 2010, Rogers has been a member of the company’s Management Committee, State Street’s senior-most strategy and policy making group. As president and COO, in addition to his current responsibilities, Rogers will have overall accountability for Information Technology, Global Operations and State Street’s Global Exchange business.
“Mike is a great leader with a strong knowledge of our industry and, importantly, our clients and their needs,” said Hooley. “He has been instrumental to our past success and I have no doubt he will continue to make a strong impact on our future.”
“This is a time of tremendous opportunity within our industry as well as one of increased complexity and challenges,” said Rogers. “My focus will be on strengthening the considerable advantages we have as an organization including our fiduciary heritage, global footprint, scale and technology leadership for the benefit of all of our stakeholders.”
State Street also announced today the appointment of two executive vice presidents to its Management Committee. Gunjan Kedia, age 43, who heads the company’s investment servicing capabilities in the Americas for mutual fund, insurance and institutional clients, and Wai Kwong Seck, age 59, head of State Street’s Global Services and Global Markets businesses in the Asia Pacific region.
Kedia, who reports to Mike Rogers, joined State Street in 2008 from Bank of New York Mellon where she held senior roles including head of global product management. Prior to this she was a partner at McKinsey & Company. Seck, who reports to Joe Antonellis, vice chairman and head of international, joined State Street in 2011 from the Singapore Exchange, where he served as chief financial officer for eight years. He previously held senior executive positions with organizations including DBS Bank, Lehman Brothers, the Government of Singapore Investment Corporation and the Monetary Authority of Singapore.
“These promotions to our senior-most leadership team reflect the considerable contributions that Gunjan and Wai Kwong have made to the success of our business,” said Hooley. “With their diverse backgrounds and global expertise, they provide an excellent complement and range of skills to our management team.”