State Street Global Advisors Taps Schwab Exec as COO
James Ferrarelli has served as chief information officer for Schwab's wealth and asset management divisions.
State Street Global Advisors has named Charles Schwab veteran James Ferrarelli as executive vice president and chief operating officer.
Reporting to Yie-Hsin Hung, State Street Global Advisors’ CEO, Ferrarelli will oversee technology, systems and operational infrastructure supporting the business across all asset classes, client segments and geographical regions.
“We are thrilled to welcome James to State Street Global Advisors as our chief operating officer,” Hung said. “I look forward to him joining our leadership team and working with him to implement a strategic vision aimed at building a top-tier operations and technology environment.”
Ferrarelli will join State Street from Schwab, where he has been chief information officer for the company’s wealth and asset management divisions. In that role, he was responsible for technology strategy, application design and development, third-party product integration and production management for Schwab’s technology platforms.
“I am excited to join the dynamic leadership team at State Street Global Advisors as chief operating officer,” Ferrarelli said in the announcement Friday. “Leveraging my industry experience, I am eager to help boost efficiency, quality and scalability that will position the firm for continued success in the years to come.”
Before working at Schwab, he held senior technology leadership roles at J.P. Morgan Asset Management and Morgan Stanley Investment Management.
Pictured: James Ferrarelli