Lou Maiuri was named executive vice president and head of securities finance at State Street Corp., said spokeswoman Alicia Curran Sweeney.
Mr. Maiuri started at State Street on Monday. He replaces Craig Starble, who left State Street in 2009 to help launch Premier Global Securities Lending. Mr. Starble is now CEO of eSecLending.
Nicholas J. Bonn, executive vice president and head of transition management and portfolio solutions, had been also overseeing State Street's securities lending business for the past three years.
Samir Pandiri, executive vice president and CEO of BNY Mellon Asset Servicing, will assume Mr. Maiuri's previous responsibilities overseeing the firm's global financial institutions and alternative investment services businesses until a replacement is named, said Joe Ailinger, BNY Mellon spokesman.
Nadine Chakar, executive vice president and head of product and strategy for global collateral services, will also take on Mr. Maiuri's former duties overseeing BNY Mellon's hedge fund administration relationship with Bridgewater Associates, Mr. Ailinger said.