State Street Appoints Renee LaRoche-Morris To Newly Created Leadership Role

Rhea-AI Summary

State Street Corporation (NYSE: STT) has appointed Renee LaRoche-Morris as the new chief of staff to the COO, overseeing the centralized CAO organization. LaRoche-Morris brings nearly 20 years of experience from BNY Mellon, having most recently served as COO for their Investment Management group. Her appointment is viewed as a strategic move to enhance organizational efficiency and foster inclusive growth. State Street manages $3.5 trillion in assets, positioning it as a leading global financial services provider.

Positive

• Renee LaRoche-Morris's extensive experience in financial services, particularly in leadership roles, is expected to strengthen operational oversight.
• The creation of this role indicates State Street's commitment to enhancing organizational efficiency.

Negative

• None.

State Street Corporation (NYSE:STT) today announced the appointment of Renee LaRoche-Morris to chief of staff to the chief operating officer (COO) and head of chief administration officer shared services.

Renee LaRoche-Morris (Photo: Business Wire)

In this role LaRoche-Morris will be responsible for leadership oversight for the COO and centralized CAO organization working across multiple business areas.

LaRoche-Morris joins from BNY Mellon where she held multiple leadership positions across the custody, finance, and investment management groups. Most recently she served as the chief operating officer (COO) for BNY Mellon’s Investment Management group with oversight for operations, technology, initiatives and regulations impacting the investment management. Prior to her role as COO, Renee held roles as CFO of Wealth Management, and as a director at BNY’s custody arm, Pershing.

“Renee’s strong financial services background, exceptional organizational design skills, and track record of success make her the right leader for this newly created role,” said Lou Maiuri, COO of State Street. “She has demonstrated leadership in fostering growth and inclusive cultures and we look forward to having her on the team.”

LaRoche-Morris, who spent nearly two decades at BNY Mellon in Pershing and Investment and Wealth Management, has managed a range of functions and global strategic, client, financial and regulatory initiatives.

About State Street Corporation

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 $38.8 trillion in assets under custody and/or administration and $3.5 trillion* in assets under management as of December 31, 2020, 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 December 31, 2020 includes approximately $75 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/20210413005669/en/

FAQ

Who is Renee LaRoche-Morris and what is her role at State Street Corporation?

Renee LaRoche-Morris has been appointed as the chief of staff to the COO at State Street Corporation, overseeing the centralized CAO organization.

What experience does Renee LaRoche-Morris bring to State Street?

She has nearly 20 years of experience from BNY Mellon, including roles as COO of the Investment Management group.

How does Renee LaRoche-Morris's appointment impact State Street Corporation?

Her appointment is aimed at improving organizational efficiency and fostering inclusive growth within the company.