Financial Risk Expert Andrew Kuritzkes to Join State Street in
August
BOSTON--(BUSINESS WIRE)--
State Street Corporation (NYSE:STT), one of the world’s leading
providers of financial services to institutional investors, today
announced the appointment of Andrew Kuritzkes to chief risk officer.
Kuritzkes will lead a global team of more than 300 multi-disciplinary
enterprise risk professionals that support State Street’s business,
clients and operations worldwide. He will report to Jay Hooley, State
Street’s CEO, and join the company’s Management Committee, State
Street’s senior-most strategy and policy-making team.
“In his more than 20-year career, Andy has acquired a depth of knowledge
around all facets of risk management from building optimal
organizational structures to support the function globally to
implementing strategy that is tuned to both market and client needs. In
this capacity, he has also worked closely with key regulators around the
world,” said Hooley. “Given our goal of continuing to enhance our risk
management infrastructure globally, I am confident that Andy has the
skill and experience to realize this objective.”
Kuritzkes most recently served as a partner and head of Public Policy
with Oliver Wyman, an international management consulting firm.
Kuritzkes received a J.D. degree from Harvard Law School, a M. Phil.
Degree in economics from Cambridge University and a B.A. degree from
Yale College.
“Having worked with a variety of financial services companies in my two
decade long career in risk, I look forward to joining a premier global
institution with a keen focus on strategic risk management,” said
Kuritzkes.
Kuritzkes serves as a senior advisor to the US Committee on Capital
Markets Regulation and was the primary author of the chapter on bank
capital regulation in the Committee’s 2009 blueprint for regulatory
reform. He is also a member of the Financial Advisory Roundtable of the
Federal Reserve Bank of New York. He assumes the chief risk officer role
from Jeff Carp, State Street’s chief legal officer, who has also served
as interim chief risk officer since March.
About State Street
State Street Corporation (NYSE: STT) is one of the world's leading
providers of financial services to institutional investors, including
investment servicing, investment management, and investment research and
trading. With $19 trillion in assets under custody and administration
and $1.9 trillion in assets under management at March 31, 2010, State
Street operates in 25 countries and more than 100 geographic markets
worldwide. For more information, visit State Street at www.statestreet.com.
Source: State Street Corporation
Contact:
Media Contact:
State Street Corporation
Carolyn Cichon,
+ 1 617 664 8672