State Street : Eric Aboaf To Succeed Mike Bell As CFO In March 2017

(RTTNews) - State Street Corp. (STT) said that Eric Aboaf will join the company in December 2016 as executive vice president and a member of its Management Committee, the company's senior-most policy-making and strategy group. Aboaf, age 52, will succeed Mike Bell as chief financial officer in March 2017. Bell's departure was previously announced in March 2016. Aboaf will report to Jay Hooley, State Street's chairman and chief executive officer.

Aboaf joins State Street from Citizens Financial Group where he was CFO with responsibility for all finance functions, including treasury, investor relations and corporate development where he spearheaded balance sheet optimization and expense efficiency. Prior to this role he was with Citigroup for 12 years, most recently as global treasurer managing the company's balance sheet, maintaining strong liquidity levels. Prior to that, he was CFO of Citigroup's institutional client group, which includes their custodial services business.

Aboaf currently serves as a Board member at the New York City Urban Debate League and the New York Council for the Humanities.