State Street Promotes Perretta, Hires LSEG's Shagoury as CIO

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."