State Street Corporation (NYSE: STT) today announced that it has appointed John Lehner to executive vice president and head of State Street’s Investment Manager Services (IMS) business. Lehner will report to Bob Kaplan, executive vice president.
Lehner will lead the strategic direction, sales and operations for State Street’s IMS business globally with responsibility for employees in 14 countries. He will also be responsible for managing the IMS technology strategy. State Street is one of the leading providers of investment manager outsourcing services with more than 60 clients globally. In October of last year, State Street announced that it was reappointed by PIMCO to provide investment manager services outsourcing in support of $1.55 trillion in assets under management. The agreement renewed a historic 16-year investment manager services outsourcing relationship announced in 2000, whereby State Street assumed PIMCO's back-office investment operations in Newport Beach, California, including trade processing, collateral management, pricing, and derivatives processing.
“John brings more than 25 years of experience in the financial services technology industry with a unique background spanning both the buy- and sell-side. He has also built and led successful organizations in the global financial services product, technology and services arena,” said Kaplan. “We look forward to him joining the team as we continue to meet our clients’ growing needs.”
Lehner most recently served as chief executive officer of BNY Mellon Technology Solutions, chairman of Eagle Investment Systems, and president of BNY Mellon New England. Prior to joining BNY Mellon and Eagle, he held senior positions at GovPX, Advent Software, and Wang Financial Information Services.
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. For more information, visit State Street’s website at www.statestreet.com.
* Assets under management were $2.47 trillion as of December 31, 2016. AUM reflects approx. $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.