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State Street Appoints Donna M. Milrod as Head of Global Clients Division

Company Release - 12/10/2018 7:00 AM ET

Veteran Banking Executive Will Join State Street’s Management Committee

BOSTON--(BUSINESS WIRE)-- State Street Corporation (NYSE: STT) announced today the appointment of Donna M. Milrod to lead a newly formed Global Clients Division, focused on delivering cross-enterprise solutions and insights to the company’s global and most complex clients. Milrod reports to Andrew Erickson, head of State Street’s Global Services business, and joins State Street’s Management Committee, the company’s most senior strategy and policy-making team.

Milrod will be responsible for strengthening clients’ interactions with State Street, making it more seamless to access expertise, insights and solutions that enable their business and core strategic objectives.

Milrod has 25 years of experience in banking and financial services including leadership positions at Deutsche Bank, where she served as deputy chief executive officer for its North America business. At Deutsche Bank Americas she was a member of the Regional Executive and Client Committees with responsibility for its North America clients and revenue. She most recently was a senior advisor to both Broadridge and McKinsey & Company where she provided advice for navigating risk, optimizing operating efficiencies and increasing revenue growth. Milrod’s most recent executive role was with the Depository Trust and Clearing Corporation (DTCC) where she served on the Management Committee and was head of DTCC Solutions, delivering innovative post-trade processing solutions to clients. She also led global strategy and business development and prior to that was the chief administrative officer leading operations and finance. Milrod also served as chairman of the board of DTCC Deriv/SERV LLC and chairman of the Omgeo Board of Managers.

“Donna brings important skillsets to State Street with her deep business knowledge, relationship management skills, regulatory and operations background,” said Erickson. “As an advocate for our clients, she will help simplify the way they experience State Street, working with them to bring solutions together in a cohesive way to help solve their challenges.”

Milrod earned a Bachelor of Arts degree from Smith College and a Master of Business Administration degree from Columbia Business School. She currently serves on a number of public, private and nonprofit boards including Valmont Industries (NYSE:VMI), T-Rex Group, the New York Academy of Sciences and the Partnership Fund for New York City. She is also a member of the Committee of 200, National Association of Corporate Directors, New York Women’s Forum, Council on Foreign Relations and Economic Club of New York.

“The industry is going through enormous change. I am excited to be joining State Street, who is uniquely positioned to help clients navigate through this change. I look forward to working together with our clients to enhance our relationships,” added Milrod.

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 $33.99 trillion in assets under custody and administration and $2.81 trillion* in assets under management as of September 30, 2018, State Street operates in more than 100 geographic markets worldwide, including the US, Canada, Europe, the Middle East and Asia. For more information, visit State Street’s website at

*This figure is presented as of September 30, 2018 and includes approximately $28 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.


State Street Corporation
Marc Hazelton
+1 617 662 1860
Ilene Fiszel Bieler
+1 617 664 4122

Source: State Street Corporation