State Street has appointed James Ferrarelli as executive vice president and chief operating officer (COO).
Ferrarelli will report directly to State Street’s CEO, Yie-Hsin Hung.
In his new role, Ferrarelli will be responsible for delivering new technology, systems and operational infrastructure that will support the business across all asset classes, client segments and geographies.
Prior to his new position, Ferrarelli most recently served as chief information officer of the wealth and asset management divisions at Charles Schwab.
In this role, he was responsible for technology strategy, application design and development, third-party product integration and production management of the technology platforms.
Commenting on his new role, Ferrarelli says: "I am excited to join the dynamic leadership team at State Street Global Advisors as chief operating officer.
“Leveraging my industry experience, I am eager to help boost efficiency, quality and scalability that will position the firm for continued success in the years to come.”
Hung states: "We are thrilled to welcome James to State Street Global Advisors as our chief operating officer. I look forward to him joining our leadership team and working with him to implement a strategic vision aimed at building a top-tier operations and technology environment.”
