Perretta Discusses State Street's Transformation Wave, New CIO

Digitization initiatives have proven a critical if, as Waters detailed this summer, an often difficult-to-define area for top-tier sell-side organizations in recent years.

For many of these firms, post-crisis acquisition and newly-developed business units, increasing global reach, and technology commoditization have all come into play. Attempts have followed to untangle and then re-engineer critical pieces of infrastructure and business processes to run leaner, smarter and with more cost and