David A. Spina, president of State Street Corp., today was named CEO, replacing Marshall N. Carter, chairman and CEO since 1992, who will retire Jan. 1. Mr. Spina will become chairman after Mr. Carter retires.
Assets under custody during Mr. Carters nine-year tenure increased to $6.2 trillion from $912 billion, and assets under management increased to $720 billion from $66 billion.
Separately, vice chairmen Ronald E. Logue and Nicholas A. Lopardo were elected to State Streets board of directors. Mr. Logue was also elected COO, and John R. Towers, also vice chairman, was elected chief administrative officer.