State Street Corporation has named longtime finance
executive John F. Woods its next Chief Financial Officer. Woods, who will join
the firm in late August, brings a 38-year career in financial leadership to one
of the world’s major custodians of institutional assets.
Succeeding Mark Keating
Woods will succeed Mark Keating, who has held the CFO
position on an interim basis since February, the company mentioned in today’s
announcement. Upon his arrival, Woods will report directly to State Street
Chairman and CEO Ron O’Hanley. Keating, meanwhile, will continue as CFO of the
firm’s largest business unit, Investment Services.
“John brings considerable expertise to State Street across a
range of global and highly regulated businesses,” commented O’Hanley. “His nearly four decades of financial experience, including
strategic enterprise transformation, financial oversight, and risk management
programs, will further strengthen our organization as we deliver on our
long-term vision for shareholders.”
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Currently serving as Vice Chair and CFO of Citizens
Financial Group, Woods oversees a broad array of responsibilities, from
corporate strategy and financial planning to investor relations and
procurement.
A Career Spanning Global Financial Institutions
Before his tenure at Citizens, Woods held senior roles at
Mitsubishi UFJ Financial Group, where he was CFO of MUFG Americas Holdings
Corporation. He also served as CFO of Home Lending at JPMorgan Chase and began
his career at Arthur Andersen, eventually becoming a partner in its financial
and risk consulting group.
Woods takes over during a time when global financial
institutions are navigating heightened regulatory expectations and persistent
macroeconomic uncertainties.
In another executive move this week, Clear Street, a
technology-driven prime brokerage and financial infrastructure company, brought onboard Matthew Cousens to lead its electronic execution operations across
Europe, the Middle East, and Africa.
Based in London, Cousens will reportedly focus on the
firm’s execution capabilities to better serve institutional clients in the region. The move comes as Clear Street targets strengthening its international
footprint by deepening its expertise and operational capacity outside the
United States.
This article was written by Jared Kirui at www.financemagnates.com.
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