BOSTON--(BUSINESS WIRE)--
State Street Corporation (NYSE:STT) announced today that it has
appointed Ronald (Ron) O’Hanley its vice chairman, effective January 1,
2017. O’Hanley remains the president and chief executive officer of
State Street Global Advisors (SSGA).
With more than 30 years of experience in the industry, O’Hanley has held
the position of president and CEO of SSGA, the investment management arm
of State Street Corporation, since 2015. He led the Company’s recent
acquisition of GE Asset Management that extended SSGA’s core investment
management capabilities, including in the high growth Outsourced Chief
Investment Officer markets, and enhanced SSGA’s capabilities in
connection with the delivery of value-added solutions to clients. He has
also been an active advocate for retirement savings and workplace
coverage for all private-sector working Americans.
“Ron’s leadership within our asset management business and expert
counsel as part of our leadership team has been invaluable in helping us
to stay ahead of the changes in the industry and deliver better
solutions for our clients,” said Jay Hooley, chairman and chief
executive officer at State Street. “This appointment reflects Ron’s
contributions to our current and future success.”
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 $29 trillion in assets under custody and administration
and $2 trillion* in assets under management as of September 30, 2016,
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 www.statestreet.com.
* Assets under management were $2.4 trillion as of September 30,
2016. AUM reflects approximately $40 billion (as of September 30, 2016)
with respect to which State Street Global Markets, LLC (SSGM) serves as
marketing agent; SSGM and State Street Global Advisors are affiliated.
Forward-Looking Statements
This news release contains forward-looking statements within the meaning
of United States securities laws, including statements about our goals
and expectations regarding our business, financial and capital
condition, results of operations, strategies, the financial and market
outlook, dividend and stock purchase programs, governmental and
regulatory initiatives and developments, and the business environment.
Forward-looking statements are often, but not always, identified by such
forward-looking terminology as “future,” “outlook,” “expect,”
"priority," “objective,” “intend,” “plan,” “forecast,” “believe,”
“anticipate,” “estimate,” “seek,” “may,” “will,” “trend,” “target,”
“strategy” and “goal,” 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, and those statements should not be
relied upon as representing our expectations or beliefs as of any date
subsequent to the date hereof. Important factors that could cause actual
results to differ materially from those indicated by any forward-looking
statements are set forth in our 2015 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 speak only as of the date hereof, and we do not undertake
efforts to revise those forward-looking statements to reflect events
after that date.
View source version on businesswire.com: http://www.businesswire.com/news/home/20161216005332/en/
State Street Corporation
Anne McNally, +1-617-664-8576
AEMcnally@StateStreet.com
@StateStreet
Source: State Street Corporation