State Street Appoints Global Chief Architect

Rhea-AI Summary

State Street Corporation (NYSE: STT) has appointed Aman Thind as executive vice president and global chief architect. Reporting to Brian Franz, Thind will drive the firm's technology transformation and support innovations in digital assets, including crypto. Previously CTO of State Street’s GlobalLink platform, Thind has extensive experience, having worked with leading firms like Morgan Stanley and Fidelity. This leadership change is part of State Street's commitment to enhancing its technology capabilities and meeting the evolving needs of global clients.

Positive

• Appointment of Aman Thind as global chief architect expected to enhance technology strategy and infrastructure.
• Thind's experience in fintech and technology innovation aligns with State Street's focus on digital and crypto capabilities.

Negative

• Potential concerns over continuity in technology leadership given the change in key management position.

State Street Corporation (NYSE:STT) today announced that it has appointed Aman Thind to executive vice president and global chief architect. In this role Thind will report to Brian Franz, global chief information officer.

Thind is responsible for designing the strategy and driving implementation of State Street’s technology transformation and interoperable infrastructure. He will also play an integral role in advancing the company’s technology innovation including further building capabilities in digital, crypto, and other digitally-led technologies.

“With experience on both the trading floor and in technology strategy, Aman brings a unique perspective to our technology roadmap across multiple dimensions,” said Franz. “Technology will continue to be a key enabler of our clients’ growth objectives and we are confident that Aman’s expertise will enhance the delivery of solutions, help them accelerate time to market and build stability, resiliency and scalability into their operations.”

Thind was previously chief technology officer (CTO) of State Street’s GlobalLink platform and prior to that role was co-founder and CTO of BestX, a fintech startup acquired by State Street in 2018. He has also worked in Morgan Stanley, Lehman Brothers, Fidelity and Adobe in various leadership roles.

State Street has been actively engaged in the digital asset space for a number of years and is committed to evolving its broader strategy for the crypto and digital assets environment to meet the growing interest of global clients. In March, State Street announced that it was appointed as the fund administrator and transfer agent of the VanEck Bitcoin Trust (‘The Trust’) a new bitcoin exchange-traded fund (ETF) that is currently pending approval by the US Securities and Exchange Commission (SEC). Most recently, it also announced that is has been appointed as the administrator of a planned bitcoin backed exchange traded note (ETN) initiated by Iconic Funds BTC ETN GmbH, a subsidiary of Iconic Funds GmbH.

About State Street

State Street Corporation (NYSE: STT) is one of the world's leading providers of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $40.3 trillion in assets under custody and/or administration and $3.6 trillion* in assets under management as of March 31, 2021, State Street operates globally in more than 100 geographic markets and employs approximately 39,000 worldwide. For more information, visit State Street's website at www.statestreet.com.

* Assets under management as of March 31, 2021 includes approximately $60 billion of assets with respect to SPDR® products for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) acts solely as the marketing agent. SSGA FD and State Street Global Advisors are affiliated.

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View source version on businesswire.com: https://www.businesswire.com/news/home/20210427006022/en/

FAQ

Who is Aman Thind and what is his role at State Street (STT)?

Aman Thind has been appointed as executive vice president and global chief architect, responsible for driving the company's technology transformation.

What impact will Aman Thind's appointment have on State Street's technology strategy (STT)?

Thind's extensive experience is expected to enhance State Street's technology roadmap, particularly in digital assets and crypto.

What was Aman Thind's role before joining as chief architect at State Street (STT)?

Before this appointment, Thind served as CTO of State Street’s GlobalLink platform.

What is State Street Corporation's commitment in terms of digital assets (STT)?

State Street is committed to evolving its strategy for crypto and digital assets to meet global clients' growing interest.

How does Aman Thind's background align with State Street's goals (STT)?

Thind's experience on trading floors and in technology strategy brings a unique perspective crucial for State Street's technology-driven growth.