State Street Promotes Perretta, Hires LSEG's Shagoury as CIO
Twin appointments will bolster firmwide digital transformation, integration program.
In addition, Antoine Shagoury has been appointed to executive vice president and global CIO, who joins State Street from the London Stock Exchange Group (LSEG) where he was group chief information and group chief operating officer for the past five years. At LSEG, he had global responsibility for all technology and operations across capital markets, information and data services, and post trade. As CIO, he will report to Perretta.
Transformation Program
The appointments come on the back of State Street's announcement last month that it was accelerating the next phase of its transformation program, which aims to digitally integrate the massive organization's infrastructure, workflows, products and data.
Waters has profiled both gentlemen in the past - Perretta in Boston in 2010 and Shagoury in London in 2012.
"Access to information is becoming quicker and faster, and new technologies and capabilities are emerging every day," said Mike Rogers, president of State Street Corporation, in a statement. "Industry leadership will be defined by those companies that provide a true real-time digital experience to strengthen investment processes and decisions and demonstrate continual innovation. Chris' efforts have been instrumental to the design and development of our digital business and he is well positioned to drive our success in the future."
Added Perretta: "Antoine has a twenty-year history in driving change in high-volume, real-time and mission critical global environments. He has led successful technology efforts at two stock exchanges and has been an advocate in pursuing disruptive technologies, most recently in block-chain opportunities. Antoine's extensive technical and operational experience and significant industry knowledge will be a tremendous asset to State Street as we drive the next phase of our digital transformation."
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: https://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Emerging Technologies
Deutsche Börse invests $200M in Kraken, DTCC advances cloud strategy, and more
A recap of this week’s major tech and data news in the capital markets.
Waters Wavelength Ep. 350: AI but make it about data basics
This week, Tony and Shen discuss how it’s all about getting back to basics, aka the data.
Model risk in the age of generative AI
Banks are racing to understand the risks posed by a new breed of multi-purpose bots.
Morgan Stanley participating in Anthropic’s Claude Mythos testing
The bank is one of the select few granted access to the hyperscaler’s latest model.
The rise of AI politics
Whether they like it or not, firms are operating in the era of AI politics. David Hardoon says those who ignore that and treat AI as just another technology risk losing ground to others.
How banks are utilizing new AI forms in their KYC process
Execs from JP Morgan, ING, and Standard Chartered explain how they are looking to use agentic AI to streamline KYC workflows.
SmartTrade eyes role as direct streaming linchpin
The vendor plans to tap into growing demand for direct API trading solutions across asset classes.
Blue water rafting: How RBC’s AI Group is navigating the AI rapids
After forming its new AI Group, RBC is building a governance layer to help minimize risks posed by agentic AI.