GLOBAL - State Street Corporation has appointed Ronald Logue as chairman and CEO, following the retirement of David Spina.
Spina, who has been with State Street for 30 years, has been CEO for the past four years.
During his tenure as CEO, he led the company through the largest acquisition in its history – the Deutsche Bank’s Global Security Services business.
“Despite the market tumult and the challenges we have faced over the past four years, State Street has never been stronger or more focused, and the growth opportunities for the company now are virtually limitless.
“Given our success and remarkable bench strength, I believe that the time is right to hand things over to Ron, in whom I have complete confidence,” said Spina.
Logue joined State Street in 1990 and has held a number of leadership positions at State Street. He was named COO in 2000 and president in 2001.
As president, he was responsible for overseeing State Street’s investment servicing, securities finance, and investment research and trading activities, as well as information technology.
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