Leadership styles refer to a leader's characteristic behaviors when directing . 75 State Street. [[]] %%State Street Corporation%%. If you experience any issues with this process, please contact us for further assistance. In addition to Aboafs appointment to vice chairman, he now has expanded responsibility for State Streets Global Markets business. 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. Lou Maiuri has been appointed to president and head of Investment Services and Eric Aboaf, chief financial officer, to vice chairman. The State Street Executive Team is rated a "D" and led by CEO Ronald O'Hanley. View All Leadership Ratings. Boston, MA (Headquarters), State Street Global Advisors Channel Center Carolyn Cichon Out of 116 State Street employee reviews, 57% were positive. BOSTON--(BUSINESS WIRE)-- 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. The Site is not directed to any person in any jurisdiction where the publication or availability of the Site is prohibited, by reason of that person's nationality, residence or otherwise. [[]] %%State Street Corporation%%. Video content has been blocked in accordance with your cookie settings. In July 2020, State Street announced 10 Actions to combat racism and inequality through measurable tenets that are part of the company's global plan to become a leader in promoting greater. Get to know the team. *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. After submitting your request, you will receive an activation email to the requested email address. ETFs trade like stocks, are subject to investment risk, fluctuate in market value and may trade at prices above or below the ETFs net asset value. download a prospectus or summary prospectus. HQ - Boston, Massachusetts, United States Financial . The information on this web site is only for such persons. September 23, 2020 10:07 AM Eastern Daylight Time. As the first-ever front-to-back platform offered by a single provider, State Street AlphaSM connects investment tools, insights and partners for greater speed and efficiency across the front, middle and back office. Distributor: State Street Global Advisors Funds Distributors, LLC, memberFINRA,SIPC, an indirect wholly owned subsidiary of State Street Corporation. On average, Men provided higher ratings for their Executive Team compared to Women. With State Street DigitalSM, were building on our strong digital services platforms and solutions to help clients transition and thrive in the new digital economy. Read it carefully before investing. All rights reserved. Leaderships | State Street About Executive Committee Ronald P. O'Hanley Chairman and Chief Executive Officer Read biography Lou Maiuri President, Chief Operating Officer and Head of Investment Services Read biography Eric Aboaf Vice Chairman and Chief Financial Officer Read biography Andrew Erickson Before investing, consider the funds' investment objectives, risks, charges and expenses. The remaining 43% were constructive reviews with the goal of helping State Street improve their work culture. 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. With $41.7 trillion in assets under custody and/or administration and $4.0 trillion* in assets under management as of March 31, 2022, State Street operates globally in more than 100 geographic markets and employs approximately 39,000 worldwide. 75 State Street. Our State Street Foundation has been a strong, global force in philanthropy since its inception in 1977, providing financial support to nonprofit organizations through grants and matching employee donations. Whether youre taking the first step toward beginning your career or are an experienced professional looking for your next opportunity, we offer a range of challenging paths. By recognizing the unique perspective of each employee and encouraging different ways of thinking, were creating a more equitable culture to help us achieve our purpose. Lou Maiuri and Eric Aboaf to Take on Additional Responsibilities as President and Vice Chairman Respectively. ifiszelbieler@statestreet.com At COMPANY NAME, we promise to treat your data with respect and will not share your information with any third party. 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. Read it carefully before investing. Media: Headed by Chairman and CEO Ron OHanley, our executive leadership team plays an important role in establishing and driving our companys vision, strategy, goals and values. Expanding and elevating Lous and Erics roles and remits will deepen focus and accountability for results across our business globally, said OHanley. To obtain a prospectus or summary prospectus which contains this and other information, call 1-800-997-7327,download a prospectus or summary prospectusnow, or talk to your financial advisor. Our leadership team is backed by more than 500 market cycle-tested investment professionals. BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today announced its commitment as an inaugural employer pursuing the Management Leadership for Tomorrow (MLT) Hispanic Equity at Work . By providing your email address below, you are providing consent to State Street to send you the requested Investor Email Alert updates. You must click the activation link in order to complete your subscription. 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. You can sign up for additional alert options at any time. State Street is followed by 253 members. 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. To opt-in for email alerts, please enter your email address in the field below and select at least one alert option. 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. If you experience any issues with this process, please contact us for further assistance. Not all products will be available to all investors. State Street Corporation In addition to Aboafs appointment to vice chairman, he now has expanded responsibility for State Streets Global Markets business. State Street - Log In First time user? State Street | 475,013 followers on LinkedIn. BOSTON, September 15, 2022--State Street Corporation (NYSE: STT) today announced its commitment as an inaugural employer pursuing the Management Leadership for Tomorrow (MLT) Hispanic Equity at . And our clients are at the heart of everything we do. He sits on the board of directors of Liberty Mutual, which, in the face of activist pressure, has started to make gestures around climate concerns. The SSGA Funds pay State Street Bank and Trust Company for its services and custodian, transfer agent and shareholder servicing agent and pays SSGA Funds Management, Inc. for investment advisory services. 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. 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. 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. Events & Presentations. Liquidity Coverage Ratio Disclosures, SSGM, LLC Statements of Financial Condition, Political Contributions and Activities Policy. Hooley is the former CEO and chairman of State Street Corporation. 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. The move will impact approximately 500 employees who previously worked there, a . Whether you are an asset manager . They are used to deliver online advertisements on third-party websites that are more relevant to you and your interests. Media: Lou Maiuri has been appointed to president and head of Investment Services and Eric Aboaf, chief financial officer, to vice chairman. 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. BOSTON-- ( BUSINESS WIRE )--State Street Corporation (NYSE: STT) today announced that it has strengthened its leadership team for State Street . All Positive Constructive With Insights, you can read market commentary from our team of macro strategists and explore the most interesting trends in our daily indicators of investor behavior, risk, inflation and sentiment based on award-winning research. Thought Leadership Editor - Vice President. ccichon@statestreet.com Katy Smith. LEADERSHIP. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. You can access this feature by accepting all cookies or adjusting your cookie settings below. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. With $41.7 trillion in assets under custody and/or administration and $4.0 trillion* in assets under management as of March 31, 2022, State Street operates globally in more than 100 geographic markets and employs approximately 39,000 worldwide. | At State Street, we partner with institutional investors all over the world to provide comprehensive financial services, including investment management, investment research and trading, and investment servicing. Not FDIC Insured * No Bank Guarantee * May Lose Value. President & Chief Executive Officer Yie-Hsin is President and Chief Executive Officer of State Street Global Advisors, the investment management arm of State Street Corporation with $3.26 trillion* in assets under management. Forward-looking statements are often, but not always, identified by such forward-looking terminology as will, forward, "strategy," "target," guidance, expect, priority, objective, plan, forecast, believe, anticipate, estimate, seek, may, outlook, trend, intend and goal, or similar statements or variations of such terms. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the 'unsubscribe' section below. We may incur losses as a result of unforeseen events including terrorist attacks, natural disasters, the emergence of a new pandemic or acts of embezzlement. , an indirect wholly owned subsidiary of State Street Corporation alert updates leadership styles refer to a leader & x27. Commodo consequat, Men provided higher ratings for their Executive Team compared to Women email. Leadership styles refer to a leader & # x27 ; s characteristic behaviors when...., SSGM, LLC, memberFINRA, SIPC, an indirect wholly owned subsidiary of State improve! 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