State Street Appoints Deputy Head of e-Exchange Biz

State Street’s e-Exchange business is a division of State Street Global Markets which provides advanced trading solutions for a variety of markets including foreign exchange, swaps, U.S. treasuries, and exchange-traded derivatives, among others. Cole will be responsible for product, technology, and operational activities across the e-Exchange portfolio. He will also be responsible for the coordination of all State Street Global Markets activities locally.   Cole will be based in New York.

Cole will report to Clifford Lewis, executive vice president and head of State Street’s e-Exchange business and will join the State Street Global Markets Executive Management Group.  

According to the announcement, Cole joins State Street from BlueMountain Solutions, Inc., a risk and analytics service provider, where he served as president. He also served as the chief operating officer, co-head of trading, and a managing principal at the parent company, BlueMountain, an alternative asset manager focused on the broader credit and derivatives markets. Prior to joining BlueMountain, Cole was a senior consultant for McKinsey & Co. and has also worked as a private equity and defense analyst.