STT - Leadership updates

State Street Corporation (NYSE:STT) announced today that its Board of Directors has appointed Sara Mathew as independent Lead Director effective immediately. Mathew succeeds Dame Amelia Fawcett, who has served as independent Lead Director since 2019. Fawcett will remain on State Street's Board and continue to serve on the Board's Human Resources Committee and Nominating and Corporate Governance Committee. State Street's shareholders re-elected each of Mathew and Fawcett to the Board at State Street's annual meeting earlier this week. Mathew has served as a Director for State Street since 2018, providing the Board with deep expertise in corporate finance, technology, corporate strategy and

State Street Corporation (NYSE:STT) announced today that it has appointed John F. Woods to Chief Financial Officer (CFO). Woods, who will join State Street in late August, succeeds Mark Keating who has served as interim CFO since February. Upon joining State Street, Woods will report to Ron O'Hanley, State Street's chairman and chief executive officer. Woods joins State Street from Citizens Financial Group where he is currently Vice Chair and Chief Financial Officer. He has responsibility for Citizens' Financial Planning, Controller, Investor Relations, Strategy and Corporate Development, Treasury, Tax, Business line finance, and Property and Procurement groups. Woods brings more than 38 y

State Street Corporation (NYSE:STT) today announced the appointment of Sarah Salih to executive vice president and head of North America for its Investment Services business. Salih is based in Boston and reports to Joerg Ambrosius, president of State Street Investment Services. In this new role, Salih will establish a cohesive operating model to deliver a consistent experience for clients in North America. In this capacity, she will develop and maintain deep client relationships, align with the company's sales efforts, and further drive client centricity. "Sarah's more than three decades of deep industry knowledge and experience managing complex client relationships position her for suc

NEW YORK, Oct. 15, 2024 /PRNewswire/ -- S&P Global (NYSE:SPGI) today announced the appointment of Eric Aboaf as Chief Financial Officer, effective February 2025. As an Executive Vice President and member of the Executive Leadership Team, Mr. Aboaf will oversee all aspects of the company's Finance function. He will report to Ms. Martina L. Cheung, S&P Global's incoming President and CEO. Ms. Cheung, as previously announced, assumes her role on November 1, 2024.  "Eric brings a wealth of experience in financial services having held CFO roles for multiple publicly traded companie

Fernandes to lead the execution of firm's enterprise strategy for its digital asset services team State Street Corporation (NYSE:STT) today announced the appointment of Vanessa Fernandes as head of Digital Asset Solutions. Fernandes, who will be based in New Jersey, will report directly to Donna Milrod, chief product officer at State Street. With more than 25 years of financial services experience in technology and operations, Fernandes will partner with business leaders across product, technology, operations, as well as the Chief Commercial Office to drive the overall execution of State Street digital asset strategy. "We continue to focus on developing, leading, and executing on our d

Deepens commitment to Australian market through strategic investment in the Raiz platform that is centred on financial literacy State Street Global Advisors, Inc, the asset management business of State Street Corporation (NYSE:STT), today announced a strategic investment in Raiz Invest Limited (ASX: RZI), a leading Australian fintech platform that helps customers grow their wealth by helping them to save and invest. The parties have entered into an equity investment agreement (the "Initial Share Purchase") as part of a strategic relationship pursuant to which State Street Global Advisors will acquire approximately 5 percent of Raiz's share capital through a placement. In addition, the

Joerg Ambrosius Appointed President of Investment Services State Street Corporation (NYSE:STT) announced today that Joerg Ambrosius, executive vice president and chief commercial officer, has been appointed president of Investment Services, State Street's largest business. Ambrosius brings more than 30 years of financial services experience, with a successful track record of leading client management, sales and revenue growth, focusing on the needs of asset managers and institutional investors. Ambrosius assumed an expanded role in October 2023 with overall leadership of Investment Services' client facing activities and full responsibility for its international organization to better enab

Veteran Leader Brings Deep Strategic, Aviation, and Governance Experience to Boardroom ATLANTA, Aug. 8, 2024 /PRNewswire/ -- Wheels Up Experience Inc. (NYSE:UP) today announced that Gregory L. Summe, Managing Partner of Glen Capital Partners LLC, joined its Board of Directors, effective August 7. Summe fills the unexpired term of David Adelman, who is stepping down to focus on other professional pursuits. Summe's initial term as a Class II director will continue until the 2026 annual meeting of the Company's stockholders. He will serve on the Audit and Compensation Committees

Charles River Development (CRD), a State Street Company, has appointed Vinayak Bhat (Vin) as senior vice president (SVP), head of Asia Pacific (APAC), where he will be responsible for all business oversight within the region and collaboration with State Street Alpha®, the first front-to-back asset servicing platform from a single provider for institutional investors. Charles River, provider of the Charles River Investment Management Solution (Charles River IMS), was acquired by State Street in 2018. Vin joins Charles River from FactSet Research Systems where he was head of the Asia Pacific business. Vin has over 25 years of experience in leadership positions in sales, consulting, and engi

State Street Corporation (NYSE:STT) today announced the appointment of Elizabeth (Liz) Lynn to executive vice president and global head of Investor Relations. Lynn will report to Eric Aboaf, vice chairman and chief financial officer for State Street Corporation. Bringing more than 20 years of investor relations and financial services experience to her new role, Lynn will be responsible for leading State Street's engagement with investors and analysts, while providing counsel and insights into the company's financial performance and long-term business objectives. "Liz brings more than two decades of financial expertise and a successful track record," said Aboaf. "Her firm-wide experience

State Street Corporation (NYSE:STT) today announced that it has appointed Mark Shelton to executive vice president and general counsel. Shelton, who will report to Ron O'Hanley, chairman and chief executive officer of State Street Corporation, succeeds David Phelan who announced his retirement last year. Shelton joins State Street from Barclays International where he was general counsel overseeing legal services related to client transactions and trading as well as cross-border regulatory compliance, data security, privacy, and ESG strategy. Prior to Barclays, he was the Americas general counsel and global head of investigations at UBS. He is a former partner at Gibson, Dunn & Crutcher, w

Paglia brings extensive ETF industry leadership and experience to new leadership role State Street Global Advisors, the asset management business of State Street Corporation (NYSE:STT), today announced the appointment of Anna Paglia to the position of executive vice president and chief business officer, effective early next year. Reporting directly to State Street Global Advisors CEO Yie-Hsin Hung, Paglia will be responsible for developing a longer-term growth strategy for its major businesses across global ETFs, index, cash and defined contribution and increasing the firm's overall competitive positioning and delivery of investment exposures and tailored solutions for its clients. "W

State Street Corporation (NYSE:STT) announced today that it has appointed Executive Vice President Jessica Donohue as head of Global Investment Insights, Sustainability and Impact. Donohue succeeds Rick Lacaille who announced his retirement earlier this year. She will report to Lou Maiuri, president, chief operating officer, and head of Investment Services. In this role, Donohue will oversee State Street's sustainability efforts with a focus on delivering insights to our clients and the industry. In addition, Donohue will lead and coordinate across State Street's Investment Services and the broader organization to bring together investment insights and solutions to deepen relationships, p

Dr. Andreas Przewloka brings 20 years of senior financial services leadership experience to State Street State Street Corporation (NYSE:STT) today announced that Dr. Andreas Przewloka has been appointed as executive vice president and chief executive officer for State Street Bank International GmbH (SSBI). Przewloka, who assumed his new role effective January 1, 2023, reports to Joerg Ambrosius, chief commercial officer for State Street and chairman of the board of SSBI. Przewloka will lead State Street's custody and investment servicing business across Continental Europe. He brings more than two decades of financial services experience to the role, including an in-depth understanding of

Yvette Hollingsworth Clark brings financial services expertise and extensive compliance and risk management experience State Street Corporation (NYSE:STT) today announced that Yvette Hollingsworth Clark has been appointed to executive vice president and global chief compliance officer. 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 of Directors. Consistent with the principles of effective compliance, Hollingsworth Clark will oversee compliance activities globally, including designing and implementing structures and processes to drive str

Brenda Tsai brings more than 27 years of marketing leadership experience to one of the world's largest investment servicing and investment management firms State Street Corporation (NYSE:STT) today announced that Brenda Tsai has been appointed as the firm's new executive vice president and global chief marketing officer. Tsai will report to Julia McCarthy, executive vice president and global head of client experience for State Street. Tsai will oversee global brand and marketing strategy and execution including content, digital marketing, events, product campaigns and media relations. Tsai will be responsible for leading the firm's global marketing team in accelerating customer acquisitio

Citi and State Street join initial investors to drive FundGuard's AI and cloud-powered global asset servicing platform NEW YORK and BOSTON and TEL AVIV, Israel, April 19, 2022 /PRNewswire/ -- FundGuard, the AI-powered SaaS investment management and asset servicing enterprise platform, announced today that it has closed a $40 million Series B funding round. The investment round included large strategic investors Citi and State Street Corp, who joined initial investors Blumberg Capital, LionBird Ventures, Team8 Capital, and other investors to back the company's future-ready technology approach to asset servicing.

Charles River Development (CRD), a State Street Company, has appointed Nidhi Singh as Chief Product Officer. In this newly created role, she will provide leadership to CRD's technical product strategy and product marketing, including the identification, development and execution of the overall product roadmap and integration with the State Street AlphaSM platform strategy. State Street Alpha helps firms manage all investment products and business lines in one place. CRD, provider of the Charles River Investment Management Solution (Charles River IMS) and the front-office technology foundation for State Street Alpha, was acquired by State Street in 2018. Prior to joining Charles River, Nidh

Charles River Development (CRD), a State Street Company, has appointed Caroline O'Shaughnessy as Head of EMEA, where she will be responsible for all business oversight within the region and collaboration with State Street Alpha℠, State Street's global front to back-office platform. Charles River, provider of the Charles River Investment Management Solution (Charles River IMS), was acquired by State Street in 2018. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211101005453/en/As Head of EMEA for Charles River, Caroline O'Shaughnessy will be responsible for all business oversight within the region and collaboration with State Stre

NEW YORK--(BUSINESS WIRE)--Lukka, the leading institutional crypto asset software and data provider has appointed Kinga Bosse as Chief Financial Officer. In her most recent role, Bosse was the Global Head of Strategic Investments and Partnerships for State Street (NYSE: STT), where she led all global strategic alliances and consortia and managed the strategic minority investments portfolio for State Street. In her new role as CFO, Bosse will oversee all aspects of Lukka’s financial positions and fundraising while helping to continue to drive the firm’s growth strategy among traditional financial institutions. In her previous role, Bosse built out the minority investments function

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT) today announced the appointment of Jason Knight as global head of the firm’s Insurance segment. In this role, Knight will be responsible for creating and executing the Insurance Segment’s strategy globally, and will work closely with senior leadership in sales, product, as well as State Street’s other business lines to ensure delivery of an outstanding client experience. Knight joins State Street from BNY Mellon, where he was most recently the head of the Insurance Segment in the Americas for Asset Servicing. Knight brings 27 years of experience in the financial services industry, and has served in a number of Insurance

John Tucker to be Promoted to Succeed Blake, and Karen Wong to Join as Global Head of ESG and Sustainable Investing State Street Global Advisors, the asset management business of State Street Corporation (NYSE:STT), today announced that Lynn Blake, Chief Investment Officer, Global Equity Beta Solutions (GEBS) will be retiring on September 30, 2021, after a distinguished career with State Street spanning over three decades. John Tucker will be promoted to the role upon Blake's retirement. Tucker began his career at State Street Global Advisors in 1990 and has held a number of senior roles within GEBS over the past 20 years. Since 2017, he has served as Chief Operating Officer of Investment

State Street Corporation (NYSE:STT) today announced that it has appointed Aman Thind to executive vice president and global chief architect. In this role Thind will report to Brian Franz, global chief information officer. Thind is responsible for designing the strategy and driving implementation of State Street's technology transformation and interoperable infrastructure. He will also play an integral role in advancing the company's technology innovation including further building capabilities in digital, crypto, and other digitally-led technologies. "With experience on both the trading floor and in technology strategy, Aman brings a unique perspective to our technology roadmap across mul

State Street Corporation (NYSE:STT) today announced the appointment of Renee LaRoche-Morris to chief of staff to the chief operating officer (COO) and head of chief administration officer shared services. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210413005669/en/Renee LaRoche-Morris (Photo: Business Wire) In this role LaRoche-Morris will be responsible for leadership oversight for the COO and centralized CAO organization working across multiple business areas. LaRoche-Morris joins from BNY Mellon where she held multiple leadership positions across the custody, finance, and investment management groups. Most recently she ser

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT) today announced the appointment of Ann Fogarty to executive vice president and deputy head of Global Delivery with responsibility for State Street’s custody, middle office, transfer agency and client service operations. Fogarty will report to Liz Nolan, executive vice president and head of Global Delivery. She will also join State Street’s Management Committee. Fogarty joins from BNY Mellon where she was most recently Executive Committee member responsible for leading the Global Operations organization and supporting every stage of the client investment lifecycle and overseeing a team of more than 20,000. She held a var

NEW YORK--(BUSINESS WIRE)--Lukka, the leading crypto asset software and data provider, announced today that it has appointed Eileen Murray, Chairperson of FINRA and Former Co-CEO of Bridgewater Associates LP, to its advisory board. Murray brings knowledge and expertise in financial markets and long-standing industry relationships to Lukka as the company looks to expand its existing footprint within the traditional financial ecosystem. Lukka’s software and data solutions turn complex blockchain and crypto asset data into easy-to-use information so that businesses can support traditional middle and back-office operations. Lukka’s focus on institutional-quality technology standards

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT) today announced that Theresa McLaughlin has been named the firm’s new global chief marketing officer. McLaughlin joins from TD Bank Financial Group where she served as global chief marketing, customer experience & corporate citizenship officer for the past eight years. She will report to Julia McCarthy, executive vice president and global head of client experience for State Street. “Our purpose at State Street is to create better outcomes for the world’s investors and the people they serve, and we are thrilled to have Theresa’s expertise on board to lead our global marketing organization,” said McCarthy. “Theresa has a

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT) today announced that it will redeem $500 million, or 5,000 of its 7,500 outstanding shares, of its non-cumulative perpetual preferred stock, Series F (“Series F Preferred Stock”) (represented by depositary shares, each representing a 1/100th interest in a share of Series F preferred stock) on March 15, 2021, for cash at a redemption price of $100,000 per share (equivalent to $1,000 per depositary share) plus all declared and unpaid dividends (the “Redemption Price”). As separately announced, a cash dividend of $953.38 per share of Series F Preferred Stock (or approximately $9.5338 per depositary share) has been declared fo

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today commented on the results of its 2020 resubmission stress test, included in the Federal Reserve’s supervisory stress test results for covered institutions announced earlier today. State Street also announced its authorization by the Federal Reserve to resume specified capital actions during the first quarter of 2021. “We are pleased with our strong performance under this year’s second round of Federal Reserve stress tests, which is another testament to our business model’s resiliency and capital stability. Throughout 2020, amidst the pandemic, our robust balance sheet and capital position has enabled us to operate e

BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT) today announced the appointment of Staffan Ahlner as global head of Collateral+, a part of the Funding and Collateral Solutions group of State Street. Ahlner, who previously led BNY Mellon Markets’ global collateral management business, will enhance State Street’s Collateral + team to build on the company’s core collateral management capabilities and develop future collateral management solutions. Ahlner will report into Gino Timperio, head of Funding and Collateral Solutions for State Street Global Markets. Additionally, Yalini Isweran has also joined State Street to focus on product innovation and business development