GLOBAL - Ronald O'Kelley, State Street's executive vice president and chief financial officer, is quitting the firm for "personal reasons" after seven years.
In the interim, State Street has handed O’Kelley’s duties to executive vice president Stefan Gavell.
O'Kelley said of his impending departure: I am proud to have been a part of State Street's success, and it has been a privilege to work with a team that is focused on building stockholder value by delivering exceptional service to clients around the world.
Gavell has most recently been responsible for the firm's global financial markets and securities trading infrastructure. He is also chairman of State Street’s investment committee, a position he will retain as CFO.
By Geoffrey Ho
Life expectancy in the UK saw no improvement between 2015 and 2017 as the number of people aged over 90 hit a record high, latest Office for National Statistics (ONS) data reveals.
Self-administered pension funds spent £14bn on payments to pensioners in Q2 2018, but only received £11.4bn of contributions (net of refunds), latest Office for National Statistics (ONS) data reveals.
The Pensions and Lifetime Savings Association (PLSA) has named the 17 members of its inaugural policy board after a competitive application process with 60 candidates.