State Street Corp.’s top executive said the company plan to keep a close eye on regulatory reform as it looks to use such development to bolster its growing asset servicing business.

Joseph “Jay” Hooley, State Street’s chief executive officer, said in an interview Oct. 19 that he doesn’t think any of the regulatory reform will specifically target trust and custody banks like State Street, but with “meaningful changes” coming in the financial markets, there will be opportunities to add business.

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