State Street’s CFO Aboaf to leave the firm
15 October 2024 US
Image: State_Street
Eric Aboaf is to leave his position as vice chairman and chief financial officer (CFO) at State Street, the firm has announced.
He will depart the company in February 2025 to pursue a new opportunity outside the banking industry.
Aboaf joined State Street’s Boston office in 2016 from Citizens Financial Group in New York, where he also served as CFO.
Previously in his career, Aboaf spent more than 12 years at Citi, most recently as global treasurer.
In recognition of his career accomplishments, Aboaf was named one of Boston Business Journal’s ‘CFOs of the Year’ in 2024.
State Street has commenced its succession plan with a formal internal and external search process, and Aboaf will stay on and work with the team to ensure an orderly transition.
According to Ron O’Hanley, chairman and CEO of State Street, Aboaf has continuously driven significant financial and business performance that has made a meaningful impact for the company.
“He has strengthened our finance function and business outcomes through ongoing operating model transformation and by attracting and developing a talented team of finance professionals with deep expertise, which in turn has enabled better business and strategic decision-making,” he says.
“Eric has played a key leadership role in collaboratively developing our strategic growth plan, which has been enabled by a culture of expense discipline that has driven consistent productivity gains, and in turn, significant re-investment in our business. I want to personally thank Eric for his leadership and wish him well in his new role.”
He will depart the company in February 2025 to pursue a new opportunity outside the banking industry.
Aboaf joined State Street’s Boston office in 2016 from Citizens Financial Group in New York, where he also served as CFO.
Previously in his career, Aboaf spent more than 12 years at Citi, most recently as global treasurer.
In recognition of his career accomplishments, Aboaf was named one of Boston Business Journal’s ‘CFOs of the Year’ in 2024.
State Street has commenced its succession plan with a formal internal and external search process, and Aboaf will stay on and work with the team to ensure an orderly transition.
According to Ron O’Hanley, chairman and CEO of State Street, Aboaf has continuously driven significant financial and business performance that has made a meaningful impact for the company.
“He has strengthened our finance function and business outcomes through ongoing operating model transformation and by attracting and developing a talented team of finance professionals with deep expertise, which in turn has enabled better business and strategic decision-making,” he says.
“Eric has played a key leadership role in collaboratively developing our strategic growth plan, which has been enabled by a culture of expense discipline that has driven consistent productivity gains, and in turn, significant re-investment in our business. I want to personally thank Eric for his leadership and wish him well in his new role.”
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