Global Custodian named Lou Maiuri as its annual GC Legend at the Industry Leaders Awards in New York last night, inducting the 35-year veteran who has worked at both BNY Mellon and State Street into our Hall of Fame.
Maiuri announced his retirement from his role as chief operating officer and head of investment services at State Street just weeks ago, after a decade with the custodian bank.
This followed almost five years with BNY Mellon where he joined after the bank acquired Eagle Systems where Maiuri had been CEO.
His career has spanned across asset servicing, markets and technology roles, and his reputation in the industry and achievements at the Boston-headquartered custodian led to an outpouring of plaudits about Maiuri and his career when he announced his retirement.
His latest role saw him lead State Street’s largest unit and one of the largest asset servicers in the world. Under his leadership the asset servicer has been active in the M&A space, launched arguably the industry’s most successful front-to-back solution and grown units such as ETF administration to new heights.
Maiuri spearheaded the landmark Charles River Development acquisition announced back in 2018 and proved early doubters of the deal wrong through the ascension of State Street’s Alpha proposition in the years to come.
In addition, Maiuri is known for being a passionate advocate for gender and racial equity; actively working with senior leadership to drive positive change and deliver meaningful and measurable results.
He served as executive sponsor for its Professional Women’s Network for five years, and has been recognised for four consecutive years (2019-2022) by Yahoo Finance’s HERoes, an annual global ranking of business leaders who are driving change to increase gender diversity in the workplace.
Maiuri has led many of State Street’s diversity, equity and inclusion initiatives and is active in the organisation’s 10 Actions Against Racism and Inequality – serving as the executive sponsor for Action 1 focused on increasing Black and Latinx representation.
He was named as one of Global Custodian’s 30 Individuals to Shape the Future of Securities Services in 2019, among other industry awards.