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 years of industry experience across multiple finance disciplines to State Street working at large and complex financial institutions. His deep CFO experience along with proven ability in setting and executing enterprise strategy, balance sheet management, focus on building and developing high performing teams, as well as investor and regulator relationship management all position him well to bring immediate value to State Street.
Prior to Citizens, Woods spent several years at Mitsubishi UFJ Financial Group where he was most recently CFO of MUFG Americas Holdings Corporation. Prior to that Woods held financial leadership roles at other large financial institutions including CFO of Home Lending at JPMorgan Chase. He started his career at Arthur Andersen where he became a partner in the financial and risk consulting group.
"John brings considerable expertise to State Street across a range of global and highly regulated businesses," said O'Hanley. "His nearly four decades of financial experience including strategic enterprise transformation, financial oversight and risk management programs will further strengthen our organization as we deliver on our long-term vision for shareholders."
"I want to thank Mark Keating who has served as our interim CFO since February and will continue in this capacity until John joins," added O'Hanley. "I am grateful for his leadership and impact over the past few months in progressing many key initiatives for the firm during this interim period. Mark will continue in his role as CFO for Investment Services, our largest business. I am enthusiastic for his continued impact here at State Street."
Woods holds a Bachelor of Science degree in Commerce from the University of Virginia at Charlottesville.
About State Street Corporation
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. With $46.7 trillion in assets under custody and/or administration and $4.7 trillion* in assets under management as of March 31, 2025, State Street operates globally in more than 100 geographic markets and employs approximately 53,000 worldwide. For more information, visit State Street's website at www.statestreet.com.
*Assets under management as of March 31, 2025 includes approximately $106 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. SSGA FD and State Street Global Advisors are affiliated.
This news release contains forward-looking statements within the meaning of United States securities laws, including statements associated with our expectations regarding our appointment of a new Chief Financial Officer. Forward-looking statements are often, but not always, identified by such forward-looking terminology as "will," "intend," "expect," "plan," "believe," "anticipate," and "may," or similar statements or variations of such terms. 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. Therefore, actual outcomes and results may differ materially from what is expressed in those statements. Important factors that could cause actual results to differ materially from those indicated by any forward-looking statements are set forth in our 2024 annual report on Form 10-K and our subsequent SEC filings. 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 forward-looking statements contained in this news release should not by 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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250430494214/en/
Investor Contact:
Elizabeth Lynn
+1 617 664 3477
Media Contact:
Carolyn Cichon
+1 617 664 8672