The Bank Slate


State Street president announces plans to retire

State Street in Boston didn’t have to look far to find its next president.

The $284 billion-asset company disclosed in a regulatory filing that Louis Maiuri plans to step down as its president, chief operating officer and head of investment services at the end of this year. He will fully retire in early 2024.

Ronald O’Hanley, State Street’s chairman and CEO will succeed Maiuri as president, while Moulay Mostapha Tahiri will become chief operating officer.

Tahiri is head of Asia Pacific and head of the Middle East and North Africa.

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