State Street Names Hooley President and COO

State Street Corporation announced that its board of directors has appointed Jay Hooley as president and chief operating officer.

Hooley is responsible for State Street’s asset servicing activities worldwide including investment servicing, investment research and trading, and securities finance. He will continue to report to Ronald E. Logue, chairman and CEO of State Street.

Since joining State Street in 1986, Hooley has held a number of leadership positions with the company, the announcement said. After leading the company’s US Mutual Fund sales organization, Hooley joined State Street’s shareholder servicing joint venture with Kansas City-based DST systems. From 1988 to 1990, he served as president and chief executive officer of National Financial Data Services and went on to become president and chief executive officer of Boston Financial Data Services from 1990 to 2000.

Hooley returned to State Street in 2000 to manage its global investment servicing business and assumed his current responsibilities in 2004. Hooley, a member of State Street’s Operating Group, the company’s most senior strategy and policy-making team, was named vice chairman of State Street in 2006.