State Street Global Advisors Taps Schwab Exec as COO

State Street Global Advisors has named Charles Schwab veteran James Ferrarelli as executive vice president and chief operating officer.

Reporting to Yie-Hsin Hung, State Street Global Advisors’ CEO, Ferrarelli will oversee technology, systems and operational infrastructure supporting the business across all asset classes, client segments and geographical regions.

“We are thrilled to welcome James to State Street Global Advisors as our chief operating officer,” Hung said. “I look forward to him joining our leadership team and working with him to implement a strategic vision aimed at building a top-tier operations and technology environment.”

Ferrarelli will join State Street from Schwab, where he has been chief information officer for the company’s wealth and asset management divisions. In that role, he was responsible for technology strategy, application design and development, third-party product integration and production management for Schwab’s technology platforms.