State Street Corporation has promoted Michael Rogers to the role of president and COO of the firm.
Rogers, who joined State Street in 2007 following its acquisition of Investors Financial, has held a number of leadership positions including head of its investment servicing business in the Americas and research and trading business. He also has been serving as a member of the company’s Management Committee since 2010.
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Rogers, in his new role, will have complete accountability for information technology, global operations and State Street’s global exchange business in addition to serving his current role.
Rogers will continue to report to Jay Hooley, chairman and CEO of State Street.
Additionally, State Street has also promoted its two executive vice presidents Gunjan Kedia and Wai Kwong Seck to its Management Committee, the company’s senior-most strategy and policy making group.
Kedia will now report to Mike Rogers, while Seck will report to Joe Antonellis, vice chairman and head of international.
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By GlobalDataKedia, who now heads the company’s investment servicing capabilities in the Americas for mutual fund, insurance and institutional clients, joined State Street in 2008 from BNY Mellon where she held senior roles including head of global product management. Prior to this, she served as a partner at McKinsey & Company.
Seck, who currently head of State Street’s global services and global markets businesses in the Asia Pacific region, joined State Street in 2011 from the Singapore Exchange, where he served as CFO for eight years.
Previously, Seck also held senior executive roles with firms such as DBS Bank, Lehman Brothers, the Government of Singapore Investment Corporation and the Monetary Authority of Singapore.
Rogers said: "My focus will be on strengthening the considerable advantages we have as an organization including our fiduciary heritage, global footprint, scale and technology leadership for the benefit of all of our stakeholders."
