State Street appoints new CIO 10 December 2019London Reporter: Maddie Saghir
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Brian Franz has been appointed as chief information officer (CIO) at State Street, effective from January 2020.In his new role, Franz will report to State Street’s COO, Lou Maiuri, and will become a member of State Street’s management committee.Franz has experience in the deployment of artificial intelligence, machine learning and robotics to drive efficiency and effectiveness as well as to enable business growth and client satisfaction.He joins State Street from Diageo, a publicly-traded multinational company, where he initially served as global CIO when he started in 2008.Most recently, Franz worked as chief productivity officer leading information technology, enterprise operations and business service functions across the company at Diageo.Franz has also worked as CIO at PepsiCo International and served in a number of technology leadership roles at global companies including GE and AT&T.Commenting on the new hire, Maiuri said: “Brian Franz brings to State Street a unique combination of experience, knowledge and deep technology and operations prowess. He adds to this a strong focus on productivity and continuous improvement, at the core of which is a better client and employee experience”“The CIO of the future needs to be as much a business leader as a technology visionary, and we benefit from both with Franz.” Maiuri continued: “His experience across both consumer and business-oriented brands, particularly harnessing the power of data and analytics to drive better client outcomes will also greatly support the continued advancement of our State Street AlphaSM platform strategy.”Franz added: “This is a company that occupies a unique space in financial services and one in which there is much opportunity to differentiate through next-generation technology, high productivity and global scale. I look forward to making a positive impact and leading a world-class team.”
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