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 www.statestreet.com.
*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.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20181210005221/en/
State Street Corporation
Marc Hazelton
+1 617 662 1860
MHAZELTON@StateStreet.com
@StateStreet
or
Ilene
Fiszel Bieler
+1 617 664 4122
IFiszelBieler@StateStreet.com
@StateStreet
Source: State Street Corporation