State Street Corporation has named Michael Bell as executive vice president and member of its management committee, the company’s senior-most policy-making and strategy group.
Bell will assume the role of CFO in August, following the planned retirement of Edward Resch who has served in the role for 11 years.
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As CFO, Bell will be responsible for State Street’s companywide financial strategy and functions including treasury, accounting, and tax and reporting and investor relations. He will report directly to Jay Hooley, State Street’s chairman, president and CEO.
Bell has almost three decades of experience within financial services. He most recently served as CFO of Manulife Financial Corporation in Toronto.
Prior to Manulife, Bell held senior executive roles spanning a 24-year career at Cigna Corporation including seven years as CFO of the corporation and two years as president of Cigna Group Insurance.
Hooley said:"We’re delighted to welcome Michael to our management team. His impressive career experience as CFO of two large global companies and knowledge of financial markets, combined with strong leadership and management skills, will enhance our commitment to having a best-in-class finance team and to delivering long-term value to our shareholders."
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