Global Exchange brings together existing components from State Street's research and advisory, analytics, Currenex, Global Link and derivatives clearing capabilities with new research to develop solutions to address clients' data information and trading challenges.

In this new role, Stein, age 47, will direct all aspects of Global Exchange's new product offerings and provide support for sales engagements across the organization. He and his team will build on State Street's strong analytical foundation to develop relevant models and tools to implement better trading strategies, develop new investment products and deploy best-practice risk management.

With more than 20 years of experience in finance and analytics Stein will be based in New York and will report to Jeff Conway, executive vice president and head of State Street Global Exchange. Previously, Dr. Stein held a number of senior positions at Moody's including president of Moody's Research Labs (MRL), co-head of Research at Moody's KMV, managing director of the managed funds group at Moody's Investors Service and managing director of research and academic relations globally. Dr. Stein also holds the position of Senior Lecturer in Finance at the MIT Sloan School of Management and is a Research Affiliate at the MIT Laboratory for Financial Engineering.

"Roger has an impressive reputation and an acute ability to merge quantitative research and data to develop products that address key issues facing institutional investors," said Conway. "While at Moody's he and his teams led the commercial development of risk management models and tools that are widely used within the financial industry. His deep knowledge and experience will be invaluable to State Street as we focus on providing clients with solutions to their asset management and trading challenges."

"I am delighted to be joining the team at State Street," said Dr. Stein. "The opportunity to match the firm's strengths, resources and insights to meet client needs is an exciting one. State Street has the tools, data and relationships to create valuable products and solutions."