State Street Appoints Spiros Giannaros as Head of Platform Strategies

Seasoned Industry Veteran Brings Wealth of Experience to Support Firm’s Front-to-Back Strategy

State Street Corporation (NYSE:STT) today announced the appointment of Spiros Giannaros as Executive Vice President, Head of Platform Strategies. In this newly created role, Giannaros will be responsible for ensuring an integrated and coordinated approach between the firm’s product offerings, its front-to-back platform development and the data that it manages. He will report to Lou Maiuri, chief operating officer.

Giannaros was most recently the Global Head of Enterprise Data Management (EDM) and a Partner at IHS Markit (formerly Markit). In this role he was responsible for the firm’s EDM, warehouse and reporting businesses, software managed services, as well as the thinkFolio business - an order management and portfolio modeling system. Prior to joining IHS Markit, Giannaros spent 15 years at Charles River Development (Charles River) where he was a managing director for the Americas. In this role he was responsible for sales, strategic account management and product marketing.

“This is an important time for our clients as they look, amid extremely challenging market conditions, to manage costs, pursue growth and deliver returns for the people they serve,” said Maiuri. “We are building the industry’s first front-to-back solution to help them achieve their objectives, and we are delighted to welcome Spiros to our team in support of this strategy. His proven track record in successfully bringing emerging technologies and enterprise solutions to the financial market has delivered excellent results for his clients throughout his career. With this experience, and his prior knowledge of Charles River, we are confident he will add great value to our team internally, as well as to our clients around the world.”

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.

Expiration date: June 30, 2020

View source version on businesswire.com: https://www.businesswire.com/news/home/20190605005853/en/

Marc Hazelton+1 617 662 1860MHAZELTON@StateStreet.com@StateStreet

Ilene Fiszel Bieler+1 617 664 4122IFiszelBieler@StateStreet.com@StateStreet

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