State Street Corporation has named longtime finance executive John F. Woods its next Chief Financial Officer. Woods, who will join the firm in late August, brings a 38-year career in financial leadership to one of the world’s major custodians of institutional assets.

Succeeding Mark Keating

Woods will succeed Mark Keating, who has held the CFO position on an interim basis since February, the company mentioned in today’s announcement. Upon his arrival, Woods will report directly to State Street Chairman and CEO Ron O’Hanley. Keating, meanwhile, will continue as CFO of the firm’s largest business unit, Investment Services.

“John brings considerable expertise to State Street across a range of global and highly regulated businesses,” commented O’Hanley. “His nearly four decades of financial experience, including strategic enterprise transformation, financial oversight, and risk management programs, will further strengthen our organization as we deliver on our long-term vision for shareholders.”

Currently serving as Vice Chair and CFO of Citizens Financial Group, Woods oversees a broad array of responsibilities, from corporate strategy and financial planning to investor relations and procurement.

A Career Spanning Global Financial Institutions

Before his tenure at Citizens, Woods held senior roles at Mitsubishi UFJ Financial Group, where he was CFO of MUFG Americas Holdings Corporation. He also served as CFO of Home Lending at JPMorgan Chase and began his career at Arthur Andersen, eventually becoming a partner in its financial and risk consulting group.

Woods takes over during a time when global financial institutions are navigating heightened regulatory expectations and persistent macroeconomic uncertainties.

Expect ongoing updates as this story evolves.

Source: Finance Magnates