State Street has appointed Ann Fogarty, formerly of BNY Mellon, to executive vice president and deputy head of global delivery.
In her new role, Fogarty will have responsibility for State Street’s custody, middle office, transfer agency and client service operations.
Reporting to Liz Nolan, executive vice president and head of global delivery, Fogarty will also join State Street’s management committee.
Fogarty has experience in leading global, cross-business initiatives across all aspects of the trading lifecycle, and has experience with the global regulatory environment.
During her career, Fogarty has managed teams and projects across Europe, Middle East and Africa (EMEA), Latin America and the Asia Pacific region.
Most recently at BNY Mellon, Fogarty was executive committee member responsible for leading the Global Operations organisation and supporting the client investment lifecycle and overseeing a team of more than 20,000.
She held a variety of senior positions since joining BNY Mellon in 1988, including head of EMEA investment operations and managing director leading the provision of fund accounting, transfer agency and middle office services to mutual, exchange-traded funds (ETF) and alternative fund clients.
Commenting on the appointment, Nolan says: “Ann Fogarty brings significant global operations expertise across all ranges of complex fund structures and jurisdictions.”
Nolan continues: “She has a keen understanding of the needs of our clients and her depth and breadth of capabilities, particularly in the custody and fund administration space, will help us continue to scale our operating model while providing our clients with continued high quality service and delivery.”
“I look forward to this next chapter of my career and working with the global teams and clients to continue to build on the strong foundation of innovation and service excellence that State Street has established,” adds Fogarty.
Earlier this month, State Street opened its ETF to support all ETF issuers regardless of their service provider.
