State Street Appoints John F. Woods As New Chief Financial Officer
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State Street Corporation, a prime brokerage and financial infrastructure firm, has appointed veteran finance executive John F. Woods as its next Chief Financial Officer.
Woods brings nearly four decades of experience in financial leadership to the firm, one of the world’s largest custodians of institutional assets. He will assume the role in late August and report directly to State Street Chairman and Chief Executive Officer Ronald P. O’Hanley.
Woods will take over from Mark Keating, who has served as interim Chief Financial Officer since February. Keating will return to his role as Chief Financial Officer of Investment Services, State Street’s largest business unit.
State Street Aims To Strengthen Leadership With New Chief Financial Officer
The company expressed confidence that the leadership transition will help support its strategic and financial goals going forward. Ronald P. O’Hanley said Woods brings deep expertise across global, highly regulated financial organizations.
He noted that Woods has a strong track record in strategic transformation, financial planning, and risk oversight, which will further reinforce State Street’s long-term vision and operations.
Woods currently holds the role of Vice Chair and Chief Financial Officer at Citizens Financial Group. He now oversee key financial functions, including corporate planning, budgeting, investor communications, and procurement.
Before joining Citizens, he held senior finance roles at Mitsubishi UFJ Financial Group, where he served as Chief Financial Officer of MUFG Americas Holdings Corporation. He also worked at JPMorgan Chase as Chief Financial Officer of Home Lending. Earlier in his career, he became a partner at Arthur Andersen, focusing on financial and risk advisory services.
He takes on the new role at a time when global banks are facing stricter regulations and ongoing economic uncertainty. His appointment reflects State Street’s efforts to strengthen its financial leadership and improve oversight during a challenging period.
Clear Street Wants To Grow Globally With New EMEA Trading Head
In a separate move, Clear Street announced the appointment of Matthew Cousens to lead its electronic trading operations across Europe, the Middle East, and Africa.
Based in London, Cousens will work on enhancing the firm’s trading capabilities and providing better service to institutional clients in the region. Clear Street said the appointment supports its aim to expand its reach beyond the U.S. market.
State Street Corporation, based in Boston, is one of the oldest banks still running in the United States. It looks after a huge amount of money—over $4.7 trillion in assets and more than $46.6 trillion in custody and services.
It works with many of the world’s biggest investors. Along with BlackRock and Vanguard, it is one of the three main firms that manage index funds used by regular investors.
The company is seen as very important to the global financial system. It continues to grow and adjust by adding new leaders and building stronger partnerships, like the recent hires and teamwork mentioned earlier.
