In the news

Bank of America and State Street have committed to supporting the service which will launch in Q3 2024, subject to regulatory approvals

Reporting to executive vice president Cuan Coulter, Eldridge will oversee all aspects of State Street’s business in the UK

State Street has opened its new global headquarters in the Bullfinch Crossing area of Boston

Swen Werner, global head of digital custody and payments at State Street Digital, leaves the firm after eight years

Nick Delikaris, former head of digital finance trading at Coinbase, has re-joined State Street as global head of automation, analytics and platform services for Financing Solutions

Patricia Hostin, former BlackRock managing director, will lead State Street’s Agency Securities Lending business

The Boston-based bank has executed its first transactions on Eurex through its Munich-based subsidiary State Street Bank International, making Eurex the first clearing house outside of the US to trade and clear repo for the bank

Mostapha Tahiri, Asia Pacific CEO at State Street, will take on additional responsibilities as head of the Middle East, where he will focus on all business activities for both regions

Jason Wells, Asia Pacific head of agency trading at State Street Bank and Trust, will replace former chair Ben Burns, who recently resigned from his position following his departure from BlackRock

State Street has appointed Taryn Siglain as global head of its principal securities lending programme, Enhanced Custody

Based in New York, Chatrath will work with the company’s client base which includes State Street, US Bancorp, BNY Mellon, Northern Trust and Citi

Nancy Allen has moved to State Street’s London office, where she takes on the role of assistant vice president for the EMEA financing solutions business development team