State Street Corporation, a US-based banking service provider recently revealed in an announcement that it has appointed a new Chief Information Officer.
As per the statement released by the firm, it has appointed Mr. Brian Franz as its new Chief Information Officer and his role comes into effect starting 1st January 2020. His new role as Chief Information Office also makes him a member of the bank’s management committee, its senior-most strategy, and the policy-making group. The statement revealed that Franz’s appointment as CIO reflects its priority to achieve the status of the digital-first organization with an emphasis on client and employee experience, agile innovation and productivity.
Mr. Franz will serve his role as CIO based out of the bank’s office located in London and will be reporting to Chief Operating Officer Lou Maiuri. The incoming executive is a veteran with vast knowledge and expertise in dealing with both consumer and business-oriented brands. He is currently serving as Chief Productivity Officer at Diageo PLC, a wine and spirits manufacturer and is a part of the firm’s executive committee.
As CPO of the firm, he is responsible for its global productivity, technology and shared services. Franz has been with the winemaker for nearly 12 years now having joined the firm back in March of 2008 as the Global CIO & Head of Business Services. Prior to his term with the winemaker, he has also served in numerous senior-level management and leadership roles at a wide range of industry-leading firms.
Some of his most notable roles include – Chief Information Officer for Pepsi Co International, Commercial CIO and several other management roles at General Electric & GE Capital and technology leadership role at AT&T.
Franz is considered an expert with vast experience in the deployment of artificial intelligence, machine learning, and robotics and has reputation for driving efficiency and effectiveness during his past roles which helped those firms achieve substantial business growth and client satisfaction. His most notable achievement during his term with the winemaker is his contribution and leadership in an initiative that helped the firm see more than 700 million Pounds in savings and advanced business growth.
This initiative saw the implementation of cloud-powered, globally scaled and standardized solutions in the firm which he achieved given his extensive experience in the area of cyber resiliency.
Commenting on his appointment, Mr. Lou Maiuri of State Street Corp said, “We are delighted to have Brian join our team. He brings to State Street a unique combination of experience, knowledge and deep technology and operations prowess. He adds to this a strong focus on productivity and continuous improvement, at the core of which is a better client and employee experience. The CIO of the future needs to be as much a business leader as a technology visionary, and we benefit from both with Brian. His experience across both consumer and business-oriented brands, particularly harnessing the power of data and analytics to drive better client outcomes will also greatly support the continued advancement of our State Street Alpha SM platform strategy”.
Speaking on the same note, Mr. Franz added, “I am excited to join State Street and to help it realize its vision of being the world’s leading provider of asset intelligence to the owners and managers of the world’s capital. This is a company that occupies a unique space in financial services and one in which there is much opportunity to differentiate through next-generation technology, high productivity, and a global scale. I look forward to making a positive impact and leading a world-class team”.
