State Street Names Manoj Bohra Chief Data and AI Officer
Appointment comes as firm accelerates AI embedding across its Alpha platform
State Street has appointed Manoj Bohra as Chief Data and AI Officer, the firm announced this week.
Bohra joins from Google Cloud, where he served as Managing Director, and brings more than 20 years of experience in enterprise data and AI across both technology and financial services. The appointment was announced by Chief Operating Officer Mostapha Tahiri.
Bohra's mandate spans three areas: advancing State Street's enterprise data and AI strategy, strengthening responsible AI governance, and embedding data-driven capabilities across the firm's platforms, processes, and client solutions.
The hire comes as State Street has been investing heavily in its technology infrastructure, redirecting spending toward AI, automation, and strategic infrastructure. It has also insourced IT and back-office operations previously managed by third-party partners, a move Tahiri has described as necessary to execute technology pivots more quickly.
A Career Built on Both Sides of the AI Table
Before joining Google Cloud in 2022, Bohra spent nearly a decade at Bank of America, where his most recent role was Managing Director and SVP - Global Head of Enterprise Data Science, Analytics and Platform Services.
Earlier in his career he held a Director-level technology role at Merrill Lynch and worked as an ERP and business intelligence consultant at KPMG. He holds an MS in Technology Management from Columbia University and an MBA in Finance from the University of Mumbai.
At Google Cloud, Bohra focused on enterprise cloud transformation and was a featured speaker at Google Cloud Next 2023, where sessions covered AI deployment at scale in financial services.
State Street's AI activity has centered on its Alpha platform, a front-to-back investment servicing system built on a cloud-native data foundation in partnership with Snowflake. Deployed applications include machine learning-based NAV benchmarking, predictive reconciliation, anomaly detection on market data, and digitization of unstructured documents including trade instructions and broker confirmations.
The firm is also developing generative AI tools for conversational access to portfolio data, trade status, and documentation across Alpha services.
State Street currently holds $53.8 trillion in assets under custody and administration.