State Street Technology Appointments Move Digital Innovation from Prototype to Practice

Boston, MA - 6 April 2017

New Hires to Help Develop and Manage Emerging Technologies Products and Architecture 

State Street Corporation (NYSE: STT) have announced several appointments within its Global Technology Services group to help integrate solutions and architecture in the company-wide move towards digitization.

“Innovation and tech-driven transformation is underwritten by our investment in top talent,” said Antoine Shagoury, chief information officer, State Street. “Becoming a truly digital enterprise isn’t simply about improving our products or services – it’s about redefining how the world thinks about asset intelligence by tapping the unique combination of people, technology and experience.”

Ravi Arimilli, who is currently listed among the top 20 patent holders in the US with more than 500 patents to his name, has been appointed senior vice president, head of Technology Research. In this newly-created role, Arimilli will report to Shagoury and will be responsible for defining and implementing State Street’s technology research agenda, identifying viable disruptive technologies and creating new partnerships across the industry and academia to further research efforts.

Arimilli comes to State Street from IBM, where he was an IBM Fellow and the chief architect for analytics, big data and blockchain platforms. He has been a pioneer in the IT industry due to his research and execution of technology-driven paradigm shifts.

Pinar Emirdag has joined State Street as senior vice president, head of digital product development, reporting to Shagoury globally and Stan Drasky, regional chief information officer for EMEA, regionally. She will be responsible for the management of crypto and digital currencies and assets, blockchain products, and will support the development of new business product opportunities across State Street’s business lines. Emirdag is based in London and will partner with Drasky to lead and control EMEA strategy and execution of the firm's digital assets initiatives.

State Street also announced the appointment of Kirk Wylie as senior vice president and principal risk architect, reporting to Chief Technology Architect Moiz Kohari globally, and regionally to Drasky. Wylie will provide enterprise-wide guidance on all aspects of risk calculations for State Street’s businesses. He will be responsible for technologies employed to standardize risk calculations, hardware acceleration and software deployments appropriate for on-demand, real-time risk analytics. Wylie was the founder of Open Gamma, a derivatives risk software startup launched in 2009, bringing Open Source market risk software to markets, and developing proprietary offerings. Wylie will also be based in London.

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 $29 trillion in assets under custody and administration and $2 trillion* in assets under management as of December 31, 2016, State Street operates in more than 100 geographic markets worldwide, including the US, Canada, Europe, the Middle East and Asia. 

* Assets under management were $2.47 trillion as of December 31, 2016. AUM reflects approximately $30.62 billion (as of December 31, 2016) with respect to which State Street Global Markets, LLC (SSGM) serves as marketing agent; SSGM and State Street Global Advisors are affiliated.

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