State Street turbo-boost for IT

State Street has made two appointments with the aim of strengthening its information and technology capabilities and accelerate its digital service offerings.

Chris Perretta, previously chief information officer (CIO), has been promoted to a new position as global head of enterprise data and technology. Perretta will be responsible for advancing State Street’s technology strategy and combining data and insights to deliver new digital tools and platforms for clients. Perretta will play an integral role in developing the company’s transformation strategy that is intended to achieve digitally integrated across infrastructure, workflows, products and data.

Antoine Shagoury has been appointed to executive vice president and global CIO, reporting to Perretta. He joins from the London Stock Exchange Group (LSEG) where he was group chief information and group chief operating officer for the past five years and had global responsibility for all technology and operations across capital markets, information and data services, and post-trade.

“Access to information is becoming quicker and faster, and new technologies and capabilities are emerging every day,” said Mike Rogers, president of State Street Corporation. “Industry leadership will be defined by those companies that provide a true real-time digital experience to strengthen investment processes and decisions and demonstrate continual innovation. Chris’ efforts have been instrumental to the design and development of our digital business and he is well positioned to drive our success in the future.”

“Antoine has a twenty year history in driving change in high-volume, real-time and mission critical global environments,” said Perretta. “He has led successful technology efforts at two stock exchanges and has been an advocate in pursuing disruptive technologies, most recently in block-chain opportunities. Antoine’s extensive technical and operational experience and significant industry knowledge will be a tremendous asset to State Street as we drive the next phase of our digital transformation.”