State Street Corp. has created a division that will focus on digital finance, expanding the company’s current digital capabilities to include crypto, central bank digital currency, blockchain and tokenization, the company said in a release.
“The objective is to evolve the platform into a multi-asset platform to support crypto assets among other asset classes. The aim also will be to support our peer-to-peer ambitions by creating new liquidity venues for our clients and investors worldwide,” CEO Ron O’Hanley said in a statement.
The division, State Street Digital, will be led by Nadine Chakar, who currently heads global markets. She joined State Street in 2019 after heading operations and data management at Manulife Investment Management and eight years in various executive capacities at BNY Mellon.
Tony Bisegna, currently global head of portfolio solutions, FX sales and trading, and research for State Street, will become head of global markets effective Sept. 1.
The firm's CFO and EVP of Wealth Management Solutions are the latest executives to exit the broker-dealer.
Clients are saying they would consider switching advisors if another professional offered estate planning services, according to a new Trust & Will survey.
CEO Laurel Taylor says the fintech's composable AI stack helps workers optimize dollars across Trump Accounts, 529s, 401(k)s, and other employee benefits.
The bank has swiped three private banking veterans from BNY as the city climbs the ranks of America's fastest-growing wealth hubs.
Employee accounts, crypto trials and job cuts frame a pivotal year for the Swiss lender.
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
Direct indexing is on pace to outgrow ETFs and mutual funds. Northern Trust's Ken Lassner explains why the advisors who get it wish they had started sooner.
