State Street appoints O’Brian as treasurer
State Street Corporation, the world's leading provider of services to institutional investors, has named Edward J. O'Brien as treasurer, effective January 3rd. O'Brien will have responsibility for oversight of State Street's balance sheet, liquidity and interest rate risk management activities worldwide and, in this capacity, will report to Edward Resch, State Street's Chief Financial Officer. He replaces Stefan Gavell, who has assumed a new role within State Street as global head of Regulatory Affairs.
?This appointment highlights the strength of our senior management team,? says Ronald Logue, chairman and CEO of State Street. ?Stefan and Ed have more than two decades of experience combined at State Street and bring considerable financial and global knowledge to their new roles. Stefan's wide corporate, business and international experience will support the strong industry and regulatory outreach we need as we grow globally and as our customers enter new markets.?
In addition to this new responsibility, O'Brien will retain his role as head of State Street's Securities Finance division reporting to Joseph Hooley, who leads State Street's investor services business worldwide.
O'Brien joined State Street in 1996 as a senior vice president In the securities lending division responsible for global asset/liability and risk management.