State Street Corporation (NYSE:STT) announces that State Street Digital, the firm’s dedicated digital division, has appointed Rob Otter as head of blockchain engineering and Nitin Gaur as digital technology strategy lead.

Otter, based in London reports to Aman Thind, Chief Technology Officer of State Street Digital. Gaur, based in Austin, Texas, will report to Otter.

In his new leadership role, Otter oversees the development and implementation of blockchain technology strategy across State Street Digital, identifying and executing on opportunities for innovation, and prioritizing initiatives that will accelerate the division’s business goals. Gaur will lead the technology strategy and architecture to drive the development of platforms to support post trade execution of crypto trading as well as blockchain / crypto-based service offerings.

“We are very excited to welcome both Rob and Nitin to the State Street Digital team,” said Nadine Chakar, head of State Street Digital. “They each bring deep expertise, proven track records in supporting the growth of technical teams, cutting-edge research, and creating market differentiating capabilities in digital markets. Both will be critical as we continue to navigate the evolution of digital assets and blockchain on behalf of our clients.”

Otter brings more than 20 years of experience in driving transformation, establishing new architectures, building technology strategies and technical teams, and enabling solutions that improve processes and drive innovation. He joins State Street from JPMorgan Chase, where he served as head of CTO Blockchain, API Technologies, and Applied Research. Prior to that, he held senior positions at Barclays, Credit Suisse Group and Goldman Sachs.

Gaur brings expertise in designing and developing enterprise infrastructures and applications for Fortune 500 companies across the globe. Most recently, Nitin was a Director in IBM’s Financial Services and Digital Asset division.

“State Street Digital is emerging as a technology leader and a true hub for innovation. Rob and Nitin will further accelerate this transformation by bringing their first-hand experiences with some of the most cutting edge technologies being used in our industry,” said Brian Franz, global chief information officer (CIO) for State Street.