Magazine article American Banker

Head of State Street's Brokerage Enjoys Wearing a Number of Hats

Magazine article American Banker

Head of State Street's Brokerage Enjoys Wearing a Number of Hats

Article excerpt

Chris A. Hynes has his hands full - and he's loving it.

Since 1992, Mr. Hynes has been president of State Street Brokerage Services, the securities sales unit of State Street Bank and Trust Co.

That same year, he was assigned oversight of the bank's institutional money management unit.

And last month, he completed the hat trick, taking on responsibility for State Street's personal trust and investment management business.

His expanded role puts Mr. Hynes at the center of State Street's efforts to integrate its trust and investment management services for both individuals and institutions. He reports to Nicholas A. Lopardo, executive vice president of State Street Bank and Trust, the banking subsidiary of State Street Boston Corp.

As managing director of State Street Global Advisors, Mr. Hynes oversees $158 billion of the $199 billion in assets managed by its umbrella organization, State Street Global Investment Management.

"This is wanted to do when I first started studying the investment business 25 or more years ago: to be involved in an investment management organization," Mr. Hynes said in a telephone interview last week. "There were a few detours on the way, I guess."

There were indeed. Before joining State Street in 1988 as a portfolio manager, Mr. Hynes racked up wide-ranging financial experience. He has worked at trading, options, and derivative desks at several investment houses. And his first job, in 1974, was as a trust portfolio manager at United California Bank, which has since been swallowed up by First Interstate Bancorp. …

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