(Source: PRNewswire)QUINCY, Mass., Feb. 26 /PRNewswire/ -- Boston Financial Data Services, Inc. (Boston Financial), a 50 percent owned joint venture of DST Systems, Inc. (DST) and State Street Corporation (State Street), announced today that Stephen C. Hooley, chief executive officer and president, will join DST as president and chief operating officer on July 1, 2009, reporting to Thomas A. McDonnell, chief executive officer of DST. He succeeds Thomas C. McCullough, who has announced his plans to retire effective December 31, 2009. Terry L. Metzger, currently chief operating officer of Boston Financial, will succeed Mr. Hooley.

For more than 21 years, Mr. McCullough has played an integral role in both leading DST and in the success of Boston Financial. He has built strong management teams that will continue to provide the high level of service that distinguishes DST and Boston Financial in the marketplace. Mr. McCullough will continue to serve on the boards of DST and Boston Financial, where he will also serve as a director and chairman of the Boston Financial Audit Committee.

Mr. Hooley joined Boston Financial as president and chief executive officer in January 2004 and has held several executive roles with International Financial Data Services, LP (IFDS) since 2005. IFDS is a 50 percent owned joint venture of DST and State Street located in Canada, the United Kingdom, Luxembourg and Ireland. Mr. Hooley will continue his involvement with IFDS and assume Mr. McCullough's role as chairman of Boston Financial. Mr. Hooley has managed both domestic and international businesses within the financial services industry for more than 20 years, with an emphasis on strategic projects and business development. Prior to joining Boston Financial, Mr. Hooley held a number of senior executive roles at State Street. During his tenure at State Street, Mr. Hooley held roles in Institutional Investor Servicing and information technology, and managed the integration of the Global Securities Services business acquired from Deutsche Bank in 2002.

As chief operating officer, Mr. Metzger has led Boston Financial through a period of unprecedented growth in its client base over the past five years. Before joining Boston Financial, Mr. Metzger held leadership positions at DST, where his responsibilities included managing mutual fund customer relationships. Mr. Metzger's extensive knowledge of large-scale client operations and his industry expertise will continue to enhance the product offerings and value proposition for Boston Financial's customers.