State Street Corporation’s Chief Financial Officer Edward Resch is leaving his post in 2013, after more than a decade in the role.

The firm will conduct an internal and external search for a new chief financial officer.

“Ed has been our CFO during one of the most challenging times for our industry,” stated Jay Hooley, chairman, CEO and president of State Street. “We are fortunate to have benefited from his unwavering dedication for the past ten years and, particularly, for his leadership during the recent critical period of the financial crisis. The timing of his retirement will enable a thorough transition process to his successor.”