State Street delivered strong financial results in 2021, including record fee revenue, positive operating leverage, significant pretax margin expansion, and strong earnings growth, despite the backdrop of record low interest rates. With listen, State Street is providing a hub for the global narrative that shapes our industry. Lou Maiuri and Eric Aboaf to Take on Additional Responsibilities as President and Vice Chairman Respectively. We'll look at markets, social change, technology, innovation and more. Read Bio Global Investment Team Olivia Engel, CFA Media: BOSTON--(BUSINESS WIRE)-- State Street Corporation (NYSE:STT) today announced that Yvette Hollingsworth Clark has been appointed to executive vice president and global chief compliance officer. read more. State Street Corporation's financial products are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates and third party licensors and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability in relation thereto, including for any errors, omissions, or interruptions of any index. PROPERTIES. Text. For more detailed information about the cookies we use, see ourCookies Disclosure. As one of the world's largest asset managers, we can partner with clients to achieve their ESG objectives through our global expertise in ESG research, investment strategy and data analytics. References to State Street may include State Street Corporation and its affiliates. Nothing on this web site shall be considered a solicitation to buy or an offer to sell a security to any person in any jurisdiction where such offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. Before investing, consider the funds' investment objectives, risks, charges and expenses. State Street Expands Responsibilities of Executive Leadership Team, Supplemental Public Disclosure of Basel III Regulatory Capital, U.S. This expanded role will help promote alignment of State Streets products and solutions and differentiate its offerings in support of clients. These cookies are used to gather statistics on how visitors use our website. They are used to deliver online advertisements on third-party websites that are more relevant to you and your interests. The forward-looking statements contained in this News Release should not be relied on as representing our expectations or beliefs as of any time subsequent to the time this News Release is first issued, and we do not undertake efforts to revise those forward-looking statements to reflect events after that time. Therefore, actual outcomes and results may differ materially from what is expressed in those statements, and those statements should not be relied upon as representing our expectations or beliefs as of any time subsequent to the time this News Release is first issued. State Street Corporation (NYSE: STT) is one of the world's leading providers of financial services to institutional investors including investment servicing, investment management and investment research and trading. We encourage investors to read these filings, particularly the sections on risk factors, for additional information with respect to any forward-looking statements and prior to making any investment decision. It will also facilitate sales and revenue growth and achievement of the companys medium-term financial targets. A00 90384850 testdata.coremetrics.com statestreet.com His role across all uses of our balance sheet will create additional growth and efficiencies, further drive balance sheet optimization, and promote capital return to shareholders. Five traits help us embed these values into our culture and reinforce the high-performing behaviors we want to encourage in ourselves and each other: choose to own it; break through silos; deliver results with integrity and speed; do better every day; and care for our colleagues, clients and community. You must click the activation link in order to complete your subscription. The program provides a framework for. Executive Vice President andGlobal Head of Talent Marketplace, Executive Vice President and Global Head of Insurance Segment, Executive Vice President and Head of Legal, Corporate andGlobal Delivery, Executive Vice President and Global Head of ESG, Executive Vice President and Chief Operating Officerfor State Street Global Advisors, Executive Vice President and Executive Business Manager for Investment Services, Executive Vice President and Head of Client Experience, Executive Vice President and Chief Product Officer, Executive Vice President and Chief Operating Officer for EMEA, Executive Vice President andHead of State Street Bank International,Poland, Executive Vice President and General Auditor, Senior Vice President, Head of Latin America and the Caribbean, Executive Vice Presidentand Head of Global Credit Finance, Executive Vice President and Chief Operating Officer of the Global Institutional Group at State Street Global Advisors, Executive Vice President and Head of Asia Pacific, Executive Vice President and Global Chief Architect for State Street, Executive Vice President and Head of SPDR Americas Distribution,State Street Global Advisors, Executive Vice President, Global Technology Service Chief Information Officer and Global Technology Risk Manager, Executive Vice President and Head of Financing and Collateral Solutions and Securities Finance, Executive Vice President, Head of State Street Global Advisors (EMEA) and Head of the Global SPDR ETF Business, Executive Vice President and Chief Marketing Officer, Executive Vice President and Global Head of Middle Office for State Street, Executive Vice President and Deputy General Counsel, Executive Vice President and Country Head Ireland, Executive Vice President and Chief Technology Officer, Global Technology Services. All rights reserved. Carolyn Cichon State Street Corporation overall rating is based on 1.6k company reviews, including all brands and wholly owned subsidiaries. (St. Louis, Mo., Feb. 28, 2023) Boone Center, Inc. (BCI)a nonprofit that improves the lives of adults with disabilities through employment opportunitiesannounced new leadership changes . Expanding and elevating Lous and Erics roles and remits will deepen focus and accountability for results across our business globally, said OHanley. During the first-ever Fabiola Leadership Academy, students will get training for decision making, teamwork and community-based learning. Carolyn Cichon After submitting your request, you will receive an activation email to the requested email address. State Street Corporation is an American financial services and bank holding company headquartered at One Lincoln Street in Boston with operations worldwide. Drawing from their diverse experience, deep industry knowledge and global market expertise, our leaders unite us in our purpose to help create better outcomes for the worlds investors and the people they serve. THIS SITE IS INTENDED FOR QUALIFIED INVESTORS ONLY. 1 Contact Us Overview Distributor:State Street Global Advisors Funds Distributors, LLC, memberFINRA,SIPC, an indirect wholly owned subsidiary of State Street Corporation. Yie-Hsin is President and Chief Executive Officer of State Street Global Advisors, the investment management arm of State Street Corporation with $3.48 trillion* in assets under management. You must click the activation link in order to complete your subscription. The consummation of our planned acquisition of the BBH Investor Services business is subject to the receipt of regulatory approvals and the satisfaction of other closing conditions, the failure or delay of which may prevent or delay the consummation of the acquisition; while we are evaluating potential modifications to the transaction that are intended to facilitate resolution of the bank regulatory review, there can be no assurance as to the timing or outcome of that review; Even if we successfully consummate our planned acquisition of the BBH Investor Services business, we may fail to realize some or all of the anticipated benefits of the transaction or the benefits may take longer to realize than expected; We are subject to intense competition, which could negatively affect our profitability; We are subject to significant pricing pressure and variability in our financial results and our AUC/A and AUM; Our development and completion of new products and services, including State Street Digital or State Street Alpha, and the enhancement of our infrastructure required to meet increased regulatory and client expectations for resiliency and the systems and process re-engineering necessary to achieve improved productivity and reduced operating risk, may involve costs and dependencies and expose us to increased risk; Our business may be negatively affected by our failure to update and maintain our technology infrastructure; The COVID-19 pandemic continues to exacerbate certain risks and uncertainties for our business; Acquisitions, strategic alliances, joint ventures and divestitures, and the integration, retention and development of the benefits of our acquisitions, pose risks for our business; Competition for qualified members of our workforce is intense, and we may not be able to attract and retain the highly skilled people we need to support our business; We could be adversely affected by geopolitical, economic and market conditions, including, for example, resulting from the present conflict in Ukraine; We have significant International operations, and disruptions in European and Asian economies could have an adverse effect on our consolidated results of operations or financial condition; Our investment securities portfolio, consolidated financial condition and consolidated results of operations could be adversely affected by changes in the financial markets; Our business activities expose us to interest rate risk; We assume significant credit risk to counterparties, who may also have substantial financial dependencies with other financial institutions, and these credit exposures and concentrations could expose us to financial loss; Our fee revenue represents a significant portion of our consolidated revenue and is subject to decline based on, among other factors, market and currency declines, investment activities of our clients and their business mix; If we are unable to effectively manage our capital and liquidity, our consolidated financial condition, capital ratios, results of operations and business prospects could be adversely affected; We may need to raise additional capital or debt in the future, which may not be available to us or may only be available on unfavorable terms; If we experience a downgrade in our credit ratings, or an actual or perceived reduction in our financial strength, our borrowing and capital costs, liquidity and reputation could be adversely affected; Our business and capital-related activities, including common share repurchases, may be adversely affected by capital and liquidity standards required as a result of capital stress testing; We face extensive and changing government regulation in the jurisdictions in which we operate, which may increase our costs and compliance risks; We are subject to enhanced external oversight as a result of the resolution of prior regulatory or governmental matters; Our businesses may be adversely affected by government enforcement and litigation; Any misappropriation of the confidential information we possess could have an adverse impact on our business and could subject us to regulatory actions, litigation and other adverse effects; Our calculations of risk exposures, total RWA and capital ratios depend on data inputs, formulae, models, correlations and assumptions that are subject to change, which could materially impact our risk exposures, our total RWA and our capital ratios from period to period; Changes in accounting standards may adversely affect our consolidated financial statements; Changes in tax laws, rules or regulations, challenges to our tax positions and changes in the composition of our pre-tax earnings may increase our effective tax rate; The transition away from LIBOR may result in additional costs and increased risk exposure; Our control environment may be inadequate, fail or be circumvented, and operational risks could adversely affect our consolidated results of operations; Cost shifting to non-U.S. jurisdictions and outsourcing may expose us to increased operational risk, geopolitical risk and reputational harm and may not result in expected cost savings; Attacks or unauthorized access to our information technology systems or facilities, or those of the third parties with which we do business, or disruptions to our or their continuous operations, could result in significant costs, reputational damage and impacts on our business activities; Long-term contracts expose us to pricing and performance risk; Our businesses may be negatively affected by adverse publicity or other reputational harm; We may not be able to protect our intellectual property; The quantitative models we use to manage our business may contain errors that could result in material harm; Our reputation and business prospects may be damaged if our clients incur substantial losses or are restricted in redeeming their interests in investment pools that we sponsor or manage; The impacts of climate change, and regulatory responses to such risks, could adversely affect us; and. Find out more. Learn about the StateStreet Group leadership team and contact them by viewing this page. These statements are not guarantees of future performance, are inherently uncertain, are based on current assumptions that are difficult to predict and involve a number of risks and uncertainties. Centrally cleared repo supports market capacity and helps reduce counterparty credit risk. Persons under these restrictions must not access the Site. Executive Vice President and Chief Financial Officer (CFO) for Investment Services. Our Funding and Collateral Solutions team will help you address collateral requirements across a wide spectrum of transactions, offering sponsorship in the centrally cleared Fixed Income Clearing Corporation (FICC) Sponsored Member Repo program. Read Full Bio. You can sign up for additional alert options at any time. Reports that State Street Corp. may sell or spin out its $3.1 trillion asset management business have been met with "mixed feelings" from analysts and other industry observers. [[]] %%State Street Corporation%%. Please note all AUM is unaudited. *This figure is presented as of December 31, 2022 and includes approximately $58.60 billion USD of assets with respect to SPDR products for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) acts solely as the marketing agent. This provides Aboaf with direct management of all aspects of State Streets balance sheet and the use of the balance sheet on behalf of clients. This News Release contains forward-looking statements within the meaning of United States securities laws, including statements about our goals and expectations regarding the roles and responsibilities of State Street executives, and the benefits and prospects of those roles and responsibilities, as well as regarding our business, financial and capital condition, results of operations, strategies, new client business, dividend and stock purchase programs, governmental and regulatory initiatives and developments, the financial and market outlook and the business environment. All rights reserved. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum. "James is a traditional newshound and worked tirelessly to produce an exceptional news section week after week. *Assets under management as of March 31, 2022 includes approximately $73 billion of assets with respect to SPDR products for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) acts solely as the marketing agent. At State Street, our mission is to invest responsibly to enable economic prosperity and social progress. His team leadership abilities reached far beyond that of just his direct reports and he was a cornerstone of the pensions group, both as an producer of fine, clean copy and as a source of comedy. References to State Street may include State Street Corporation and its affiliates. In 2009, Nate and a group of friends and family planted State Street in downtown LaPorte. State Street employees rate their Executive Team in the Bottom 20% of similar size companies on Comparably with 10,000+ Employees. *Assets under management as of March 31, 2022 includes approximately $73 billion of assets with respect to SPDR products for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) acts solely as the marketing agent. ALPS Portfolio Solutions Distributor, Inc., member FINRA, is the distributor for Select Sector SPDRs. State Street is in My Favorite - Delete. [[]] %%State Street Corporation%%. At COMPANY NAME, we promise to treat your data with respect and will not share your information with any third party. Lou Maiuri and Eric Aboaf to Take on Additional Responsibilities as President and Vice . Nancy is a graduate of Juniata College. By providing your email address below, you are providing consent to COMPANY NAME to send you the requested Email Alert updates. Some of the most widely discussed include: authoritarian (autocratic), participative (democratic), delegative (laissez-faire), transformational, transactional, and situational. Board of Directors. North Quincy, MA, 1776 Heritage Drive Based on 90 ratings, State Street's employees are less satisfied with their Executive Team and give them a "D" or 56/100. To obtain a prospectus or summary prospectus which contains this and other information, call 1-866-787-2257,download a prospectus or summary prospectusnow, or talk to your financial advisor. If you experience any issues with this process, please contact us for further assistance. State Street Corp. operates as a financial holding company. State Street cites two factors as the key drivers of these updates: its own research showing that boards with overcommitted directors have been slower to adopt leading governance practices and provide robust shareholder rights, and concerns about "tokenism" (nominating already-overcommitted diverse directors) and the need to broaden the candidate You can access this feature by accepting all cookies or adjusting your cookie settings below. Get to know the team. Supplemental Public Disclosure of Basel III Regulatory Capital, U.S. Hooley is the former CEO and chairman of State Street Corporation. Similar size companies on Comparably with 10,000+ employees email alert updates family planted State is... Can sign up for Additional alert options at any time third party Comparably with 10,000+ employees if you any. 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