8 min read. +1 617 664 8672, IR: References to State Street may include State Street Corporation and its affiliates. Certain State Street affiliates provide services and receive fees from the SPDR ETFs. Jessica Goodell. 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 world's investors and the people they serve. * denotes Directors of State Street Bank and Trust Company, a Massachusetts state-chartered company. Boston, MA, State Street Bank and Trust Company listen. If you experience any issues with this process, please contact us for further assistance. Important factors that may affect future results and outcomes include, but are not limited to: Other important factors that could cause actual results to differ materially from those indicated by any forward-looking statements are set forth in our 2021 Annual Report on Form 10-K and our subsequent SEC filings. For more information, visit State Streets website at www.statestreet.com. 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. ifiszelbieler@statestreet.com 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. 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. Our corporate values trust is our greatest asset; global force, local citizen; always finding better ways; and stronger together unite us as an organization and guide every decision we make. SSGA FD and State Street Global Advisors are affiliated. Distributor:State Street Global Advisors Funds Distributors, LLC, memberFINRA,SIPC, an indirect wholly owned subsidiary of State Street Corporation. March 15, 2022 06:30 AM Eastern Daylight Time. As an essential partner to institutional investors, our purpose is to help create better outcomes for the worlds investors and the people they serve. ccichon@statestreet.com The insights we gain help us improve site usability. Out of 116 State Street employee reviews, 57% were positive. Read Full Bio Global Investment Team Olivia Engel, CFA CIO, Active Quantitative Equity Read Full Bio Barry Glavin, CFA download a prospectus or summary prospectus. It is the second-oldest continually operating United States bank; its predecessor, Union Bank, was founded in 1792. 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 Corp. Chief Executive Joseph Hooley and President Michael Rogers plan to retire as part of a leadership shake-up, the giant . State Street Corporation, an institutional asset manager with over $4.1 trillion in assets, intends to provide custodial services for bitcoin and other cryptocurrencies, according to an interview given to Bloomburg. Brokerage commissions and ETF expenses will reduce returns. 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. Our investment management business, State Street Global Advisors, is the world's fourth-largest asset manager and a pioneer in ETF and index investing. State Street Global Markets | Insights. "James is a traditional newshound and worked tirelessly to produce an exceptional news section week after week. State Street's Leadership Development Program is a rotational program designed to identify and develop future leaders within the organization. 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. Contact Nancy Rowe: 717.230.8780 or email nrowe@StateStreetPA.com. 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 Overall Average Salaries $59k $158k $290k 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. 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. View More Information About Our Firm:FINRA's BrokerCheck. Standard & Poor's, S&P and SPDR are registered trademarks of Standard & Poor's Financial Services LLC (S&P); Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC (Dow Jones); and these trademarks have been licensed for use by S&P Dow Jones Indices LLC (SPDJI) and sublicensed for certain purposes by State Street Corporation. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. *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. 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. SSGA FD and State Street Global Advisors are affiliated. [[]] %%State Street Corporation%%. News. It conducts business primarily through State Street Bank. 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. 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. You can sign up for additional alert options at any time. To opt-in for email alerts, please enter your email address in the field below and select at least one alert option. Ilene Fiszel Bieler 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. The products and services described on this web site are intended to be made available only to persons in the United States, and the information on this web site is only for such persons. After submitting your request, you will receive an activation email to the requested email address. 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. North Quincy, MA 02171, 200 Newport Avenue Extension The information provided on the Site is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. State Street is followed by 253 members. 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 can unsubscribe to any of the investor alerts you are subscribed to by visiting the 'unsubscribe' section below. *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. [[]] %%State Street Corporation%%. Carolyn Cichon Carolyn Cichon 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. SSBYX - State Street Target Retirement 2030 K - Review the SSBYX stock price, growth, performance, sustainability and more to help you make the best investments. ifiszelbieler@statestreet.com Not FDIC Insured * No Bank Guarantee * May Lose Value. All rights reserved. Liquidity Coverage Ratio Disclosures, SSGM, LLC Statements of Financial Condition, Political Contributions and Activities Policy. Our clients asset managers and owners, insurance companies, official institutions and central banks rely on us to deliver solutions that support their goals across the investment life cycle. There are many leadership styles. read more. We also use non-essential cookies to improve your experience on our website. All rights reserved. Content on this site is approved for Investment Professional use only. On November 29, 2019, ExxonMobil announced that Joseph "Jay" Hooley was joining its board of directors, effective January 1, 2020. John Adams Building 75 State Street. President & Chief Executive Officer. Expanding and elevating Lous and Erics roles and remits will deepen focus and accountability for results across our business globally, said OHanley. Hollingsworth Clark who will report to Brad Hu, executive vice president and global head of risk for State Street, will also be accountable to the Examining and Audit Committee of State Street's Board . State Street provides investment management, servicing and administration; research and trading, and financial data analytics for institutional invest. BOSTON--(BUSINESS WIRE)-- Thought Leadership Editor - Vice President. Global Advisors provides investment solutions across the risk-return spectrum, covering all major asset classes, investment styles, and vehicles. Boston, MA Candidates need to be able to work in . CAREERS. Experience - 3 to 6 Years-30%. J. Kane Ditto. Lou Maiuri and Eric Aboaf to Take on Additional Responsibilities as President and Vice Chairman Respectively. BOSTON-- (BUSINESS WIRE)-- State Street Corporation (NYSE: STT) today announced that State Street Digital, the firm's dedicated digital division, has added three veteran digital executives to its leadership team. You can access this feature by accepting all cookies or adjusting your cookie settings below. State Street's leaders bring a wealth of knowledge and experience in all aspects of the financial services industry. State Street - Log In First time user? top of page. Executive Vice President andGlobal Head of Talent Marketplace, 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 andExecutive Business Manager for Investment Services, Executive Vice Presidentand 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, Executive Vice President and General Counsel, Executive Vice President andHead of State Street Alpha, Executive Vice President and Chief Administrative Officer, Senior Vice President and Head of State Street for 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, President and Chief Executive Officer, State Street Global Advisors, Executive Vice President and Global Chief Architect for State Street, Executive Vice President, State Street Global Advisors andHead of SPDR Americas Distribution, Executive Vice President and Global Technology Services Chief Information Officer and International & 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, Country Head Ireland, Executive Vice President, Chief Technology Officer, Global Technology Services. Persons under these restrictions must not access the Site. Read it carefully before investing. Updated Nov. 7, 2017 2:18 pm ET. 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. Leadership Cyrus Taraporevala President & Chief Executive Officer Cyrus is president and chief executive officer of State Street Global Advisors, the investment management arm of State Street Corporation and a global leader with $3.26 trillion* in assets under management. September 23, 2020 10:07 AM Eastern Daylight Time. Events & Presentations. [[]] %%State Street Corporation%%. 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. 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