State Street

Milrod, a champion of innovation, has strengthened State Street's position in the digital assets space, including securing three of the 11 Bitcoin and Ethereum ETFs launched this year.

Fogarty, who was promoted to chief operating officer of investment services in July, leads the firm's largest business unit.

A passion for helping people and institutions achieve their financial goals has fueled Hung's 35-year career.

Citizens Financial Group's promotion of Brendan Coughlin to company president comes at the same time as CFO John Woods prepares to leave for State Street. Both executives have been viewed as potential successors to CEO Bruce Van Saun.

The investment and custody bank beat Wall Street estimates on net income but missed on revenue expectations. An increase in fee revenue offset stagnant net interest income. Management expects more of the same for the rest of the year.

The custody bank achieved its goal for the amount of deposits it placed into minority banks and community development financial institutions by the end of the year.

Heinel is the first female global chief investment officer at State Street Global Advisors, the world's fourth-largest asset manager.

Fogarty and her team are responsible for custody, reconciliations, derivatives, bank loans, middle-office, investment analytics, accounting and fund administration, alternative operations, and transfer agency activities for State Street.

Hung joined State Street Global Advisors in December 2022, following a 12 year stint at New York Life Investments, including 7 1/2 years as its CEO.

Milrod has led the bank's foray into digital finance and its efforts to become more product-driven.