State Street Splits President, CEO Roles

State Street in Boston has split the positions of president and chief executive.

The company said in a press release Wednesday that it had appointed Mike Rogers to serve as president and chief operating officer. He was most recently an executive vice president in charge of global services in the Americas and global markets worldwide.

Rogers joined State Street in 2007 after its acquisition of Investors Financial in Boston, where he was president.

In his new role, Rogers will report directly to Jay Hooley, who will remain State Street's chairman and chief executive.

In a press release Wednesday, Hooley praised Rogers as "a great leader with a strong knowledge of our industry."

Additionally, State Street appointed two executive vice presidents, Gunjan Kedia and Wai Kwong Seck, to its management committee.

Kedia is head of investment servicing in the Americas for mutual fund, insurance and institutional clients. Seck oversees the company's global services business in the Asia Pacific region.

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