State Street’s executive vice president and CFO, Edward Resch, will retire in 2013 after more than 10 years in the role.
The firm will conduct a comprehensive internal and external search to find his replacement.
Jay Hooley, chairman, CEO and president of State Street, said: “Resch has been our CFO during one of the most challenging times for our industry.”
“We are fortunate to have benefited from his unwavering dedication for the past ten years and, particularly, for his leadership during the recent critical period of the financial crisis. The timing of his retirement will enable a thorough transition process to his successor.”
“I feel very fortunate to have worked as part of this management team over the past decade,” said Resch. “I look forward to being actively involved in the leadership transition of the finance function.”
