State Street COO Maiuri to retire

State Street announced that Louis D. Maiuri, president, chief operating officer and head of Investment Services, will retire from State Street by early 2024. Effective January 1, 2024, Ron O’Hanley, chairman and chief executive officer will assume the office of the president (in addition to his current roles as chairman and chief executive officer) and responsibility for Investment Services, State Street’s largest business. Mostapha Tahiri, currently head of Asia Pacific, Middle East and North Africa, will become State Street’s chief operating officer. Since 2020, Tahiri has transformed our franchise in the Asia-Pacific region to achieve sustainable growth. In April 2023, he added responsibilities as head of Middle East and North Africa. Tahiri has more than 25 years of experience in the asset management and investment services business. Investment Services client facing activities will be further consolidated under Joerg Ambrosius, executive vice president and chief commercial officer. In line with his role as chair of State Street International Holdings, Ambrosius will also assume full responsibility for our international organization to provide seamless delivery to our clients across the globe.