State Street names new president, vice chairman

State Street in Boston has a new president and vice chairman. 

The $322 billion-asset company said in a Monday press release that it had appointed Louis D. Maiuri to serve as president and head of institutional services, effective immediately. 

Maiuri, who remains chief operating officer, joined the company in October 2013. He previously served as deputy chief executive officer of asset servicing at BNY Mellon. 

State Street also named Eric Aboaf as its vice chairman. Aboaf will continue to serve as chief financial officer, adding responsibility for the company’s global markets business. 

Aboaf joined State Street in December 2016. He was CFO of Citizens Financial Group before joining State Street. 

Maiuri succeeded Ronald O’Hanley, who remains chairman and CEO. 

The company said it eliminated the role of CEO of State Street Institutional Services, which was held by Francisco Aristeguieta. Aristeguieta agreed to serve through Jan. 31, 2023, as a special adviser to Maiuri.