State Street Appoints Ronald O’Hanley its Vice Chairman
December 16 2016 - 9:00AM
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20161216005332/en/
State Street CorporationAnne McNally,
+1-617-664-8576AEMcnally@StateStreet.com@StateStreet
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