State Street's Bonn steps down from sec finance role
07 November 2013 Boston
Image: Shutterstock
Nicholas Bonn is leaving his interim role as executive vice president and head of securities finance and portfolio solutions at State Street, but will stay on at the bank, sources have confirmed.
Bonn was named interim head of securities finance after Peter Economou—now chief risk officer at eSecLending—left State Street in 2010, along with seven other senior members of staff.
He will continue to lead State Street’s transition management and portfolio solutions businesses.
Lou Maiuri, who is executive vice president and deputy CEO of asset servicing at BNY Mellon, has been brought in to take over from Bonn.
He will be State Street’s executive vice president and head of securities finance.
At BNY Mellon, Maiuri was also head of the global financial institutions group within the asset servicing business, and oversaw the alternative investment services group and the asset servicing Latin American business.
Bonn was named interim head of securities finance after Peter Economou—now chief risk officer at eSecLending—left State Street in 2010, along with seven other senior members of staff.
He will continue to lead State Street’s transition management and portfolio solutions businesses.
Lou Maiuri, who is executive vice president and deputy CEO of asset servicing at BNY Mellon, has been brought in to take over from Bonn.
He will be State Street’s executive vice president and head of securities finance.
At BNY Mellon, Maiuri was also head of the global financial institutions group within the asset servicing business, and oversaw the alternative investment services group and the asset servicing Latin American business.
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