State Street’s top executive says the Boston-based company wants to continue to “fortify the foundation” without losing sight of opportunities for further growth.
“I look back over the last couple of years, and in spite of what looks like a recovered market there is still a lot of instability,” Jay Hooley, State Street’s chief executive officer said in an interview on Tuesday. “We want to be sure our foundation is solid in terms of capital and risk management and make sure we have returned to basics in terms of our core asset servicing and asset management businesses, but also we want to be sure we are investing in enhancing our product capabilities. Our focus is really the whole package.”
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