Business

Mass. Movers

State Street veteran named vice chairman

BRIAN SNYDER/Reuters/File 2008

Financial services company State Street Corp. named James Phalen vice chairman. A 21-year veteran of State Street, Phalen, 63, has been executive vice president and head of the firm’s global operations and technology since 2010. Phalen also held several positions in the bank’s asset management business. “Jim has been instrumental in transforming and redefining our business operations and technology infrastructure to help us to stay ahead of the changes in the industry and deliver better solutions for our clients,” said president and CEO Joseph Hooley.

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