State Street Corp. appoints new chief risk officer


By Al Barbarino (October 25, 2021, 6:39 p.m. EDT) – State Street Corporation announced Monday it has appointed the former chief risk officer of Citigroup and current member of an advisory group to the Federal Reserve Bank of New York to fill his high-risk position starting in the new year.

Brad Hu will become chief risk officer effective Jan. 1, succeeding current CRO Andrew Kuritzkes, who is retiring from State Street, according to an announcement. Hu will join the company next month as a member of its executive committee for a transition period with Kuritzkes, the bank said.

“The risk management challenges facing global financial leaders like State Street have never been greater, …

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