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State Street to appoint Michael W Bell as chief financial officer

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State Street has named Michael W Bell as executive vice president and member of its management committee, the company’s most senior policy making and strategy group.

 
Bell (pictured), age 49, will assume the role of chief financial officer in August, following the planned retirement of Edward J Resch who has served in the role for 11 years.
 
As chief financial officer, Bell will be responsible for State Street’s companywide financial strategy and functions including treasury, accounting, tax and reporting and investor relations. He will report directly to Jay Hooley, State Street’s chairman, president and chief executive officer.
 
Bell has almost three decades of experience within financial services. He most recently served as chief financial officer of Manulife Financial in Toronto where he was responsible for the global financial functions for one of the world’s largest life insurance and financial services companies, with principal operations in Asia, Canada and the US. Prior to Manulife, Bell held senior executive roles spanning a 24-year career at Cigna including seven years as chief financial officer of the corporation and two years as president of Cigna Group Insurance.
 
“We’re delighted to welcome Michael to our management team,” says Hooley. “His impressive career experience as CFO of two large global companies and knowledge of financial markets, combined with strong leadership and management skills, will enhance our commitment to having a best-in-class finance team and to delivering long-term value to our shareholders.”

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