State Street Appoints Amelia Fawcett as Independent Lead Director
May 15 2019 - 5:00PM
Business Wire
State Street Corporation (NYSE:STT) today announced that its
Board of Directors has appointed Amelia Fawcett as independent Lead
Director following its annual review of its governance
structure.
Fawcett most recently served on the Board’s Executive
Compensation, Risk and Technology and Operations Committees and is
a former Chair of the Risk Committee. As Lead Director, she will
represent the Board in discussions with shareholders and regulators
and preside over meetings of the independent directors.
“Amelia has brought rich experience and thoughtful insights
across our Board’s discussions of corporate strategy, operations,
risk management and governance. I am pleased that State Street and
its shareholders will further benefit from her leadership and
active engagement, as she assumes the vital role of Lead Director,”
said Kennett (Ken) Burnes, whom Fawcett succeeds in the role.
“The independent Lead Director is an important role in State
Street’s governance,” said Amelia Fawcett. “I am eager to work with
the Board and management in this expanded capacity to help State
Street implement its vision to be the leading asset servicer, asset
manager and data insight provider to the owners and managers of the
world’s capital.”
Fawcett, who was born and has lived in Boston and is a dual
citizen of the United States and the United Kingdom, has extensive
and diverse global financial services experience. She is Chairman
of Kinnevik AB, a Swedish listed investment company, serves as
Chairman of the Standards Board for Alternative Investments and
previously served as a Non-Executive Director of Her Majesty’s
Treasury and a Member of the Court of Directors of the Bank of
England. She also previously served as Vice Chairman and Chief
Operating Officer of European Operations of Morgan Stanley, where
she had responsibility for business strategy, including business
integration, and oversight of operational risk functions,
infrastructure support and corporate affairs.
Fawcett was awarded a CBE (Commander of the Order of the British
Empire) and a DBE (Dame Commander of the Order of the British
Empire) by Queen Elizabeth II, in both instances for services to
the finance industry, and in 2018 was made a Commander of the Royal
Victorian Order for services as Chairman of The Prince of Wales’s
Charitable Foundation. She is also a Trustee of Project Hope
(UK).
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 $32.6 trillion in assets
under custody and administration and $2.8 trillion* in assets under
management as of March 31, 2019, State Street operates globally in
more than 100 geographic markets and employs approximately 40,000
worldwide. For more information, visit State Street's website at
www.statestreet.com.
* Assets under management include the assets of the SPDR® Gold
ETF and the SPDR® Long Dollar Gold Trust ETF (approximately $33
billion as of March 31, 2019), for which State Street Global
Advisors Funds Distributors, LLC (SSGA FD) serves as marketing
agent; SSGA FD 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 leadership structures, transitions and governance practices
and roles, responsibilities and opportunities with respect to State
Street’s Board of Directors, as well as about corporate strategies
and priorities. Forward-looking statements are often, but not
always, identified by such forward-looking terminology as “will,”
“expect,” “believe,” “look forward,” “vision,” "priority,"
“objective,” “plan,” “strategy,” “anticipate,” “intend,”
“estimate,” “seek,” “may,” “trend,” 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 time
subsequent to the time that this News Release is first issued.
Important factors that could cause actual results to differ
materially from those indicated by any forward-looking statements
are set forth in our 2018 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 that this News Release is first issued, and
we do not undertake efforts to revise those forward-looking
statements to reflect events after that time.
State Street Corporation One Lincoln Street, Boston, MA
02111-2900.
© 2019 State Street Corporation - All Rights Reserved
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version on businesswire.com: https://www.businesswire.com/news/home/20190515005995/en/
Marc Hazelton+1 617 662
1860MHAZELTON@StateStreet.com@StateStreetIlene Fiszel Bieler+1 617
664 4122IFiszelBieler@StateStreet.com@StateStreet
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