Puth departs State Street
03 November 2011 Boston
Image: Shutterstock
State Street's global markets chief David Puth has left the bank after three years running the business.
Puth headed up the business at a time of market turbulence, and weathered a senior executive exodus as a core team of senior executives left the bank to start up the ill-fated Premiere Global Securities Lending. The departures led to a number of lawsuits, which were completed earlier this year with what was generally seen as a win for State Street.
Puth will be pursuing other opportunities within the financial services industry, said a spokesperson for State Street. He was appointed head of investment research, securities finance and trading activities at State Street in August 2008. He moved to State Street from Eriska Group, a consulting firm that he founded, and had previously worked at Chemical Bank.
Mike Rogers, executive vice president and head of global services Americas, will assume leadership of the global markets business in addition to his current responsibilities. Rogers is a 30-year industry veteran who led Investor Financial's capital markets businesses before it was acquired by State Street in 2007.
Puth headed up the business at a time of market turbulence, and weathered a senior executive exodus as a core team of senior executives left the bank to start up the ill-fated Premiere Global Securities Lending. The departures led to a number of lawsuits, which were completed earlier this year with what was generally seen as a win for State Street.
Puth will be pursuing other opportunities within the financial services industry, said a spokesperson for State Street. He was appointed head of investment research, securities finance and trading activities at State Street in August 2008. He moved to State Street from Eriska Group, a consulting firm that he founded, and had previously worked at Chemical Bank.
Mike Rogers, executive vice president and head of global services Americas, will assume leadership of the global markets business in addition to his current responsibilities. Rogers is a 30-year industry veteran who led Investor Financial's capital markets businesses before it was acquired by State Street in 2007.
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