Money Management

State Street’s head of global delivery steps down

Jeffrey Conway, head of global delivery, is leaving State Street Corp. (STT), a spokeswoman said Thursday.

Liz Nolan, State Street CEO for Europe, the Middle East and Africa, will assume responsibility for global delivery, managing the firm's global operations and infrastructure.

"(Mr. Conway) is leaving State Street to explore further opportunities," the spokeswoman said, adding that Mr. Conway will be working with Chief Operating Officer Lou Maiuri to ensure a smooth transition. Ms. Nolan will retain her EMEA CEO and U.K. responsibilities until a successor is appointed.

"I want to thank (Mr.) Conway for what has been a remarkable career at State Street spanning more than three decades," Ron O'Hanley, CEO and president of State Street, said in a news release.

Mr. Conway joined State Street in 1999 as senior vice president, head of global operations Australia. The date of his departure could not be learned.