State Street Promotes Michael Eldridge to UK Country Head

29 January 2024

State Street Corporation (NYSE: STT) today announced the appointment of Michael Eldridge as UK Country Head and State Street Bank & Trust London Branch Manager. Reporting to Executive Vice President Cuan Coulter, Eldridge will oversee all aspects of State Street’s business in the UK and the execution of the firm’s strategy across product deployment, client relationships, risk and compliance, employee development and community engagement, while continuing his responsibilities as UK Head of Global Markets.

Eldridge has more than 30 years’ experience in the financial services industry, with a strong background in custody operations, global markets and investment banking. Throughout his career, Eldridge has demonstrated expertise in operations and operational risk management, corporate and regulatory governance, and balance sheet review and growth. Since joining State Street in 2016, Eldridge has overseen and led many significant projects in various senior roles, including the establishment of new operating teams in the UK, Germany and India.

Coulter commented, “Throughout his time at State Street, Michael has demonstrated a sophisticated understanding of financial services and the UK market, and I am delighted to announce his appointment to UK Country Head. With his background in supporting and establishing complex teams and organizations, Michael is well equipped to manage this important market. I look forward to working with him closely and continuing to grow UK business and delivering value to our clients and stakeholders.”

Eldridge added, “I am excited by the opportunity to lead our talented teams in Edinburgh and London, as we continue to set standards for excellence in the financial services industry. Our culture of collaboration and dedication, coupled with our focus on client-centric innovative solutions, will ensure we continue supporting global clients of different scales in unlocking value and improving operational efficiency.”

Source: State Street