State Street Elects DonnaLee DeMaio to its Board of Directors
March 28 2022 - 8:30AM
Business Wire
State Street Corporation (NYSE:STT) today announced the election
of DonnaLee (Donna) DeMaio to its Board of Directors.
Ms. DeMaio, age 63, was previously executive vice president and
global chief operating officer for the General Insurance division
of American International Group (AIG). In this role she was
responsible for all operational aspects of General Insurance
globally, overseeing an organization of more than 5,000 employees,
across five shared services sites in Asia, the United States and
Europe. Ms. DeMaio held a variety of senior roles at AIG during her
tenure, including overseeing global technology, global operations,
procurement, real estate, administration, security, risk and
control, project management, and transformation. She also served as
chief auditor.
Before joining AIG, Ms. DeMaio was president and chief executive
officer of MetLife Bank, responsible for the company’s seven
business lines and leading 6,000 employees across 200 locations.
Her responsibilities included building a risk organization to
address all aspects of financial and operational risk for the
company. Prior to MetLife Bank Ms. DeMaio was a partner at PwC
specializing in financial services.
“We are delighted to welcome Donna to our Board,” said Ron
O’Hanley, chairman and chief executive officer of State Street
Corporation. “She has extensive experience in highly regulated
entities across the financial services industry, as well as deep
global expertise. She has also provided strategic direction and
leadership with results that span multiple regions, business lines
and geographic locations, and we are confident she will be an
invaluable asset to our Board.”
Ms. DeMaio received her Bachelor of Arts degree, summa cum
laude, with majors in accounting and business from Muhlenberg
College in 1981. She is also a Certified Public Accountant. She
currently serves on the board of Hiscox Ltd., a global specialist
insurer, headquartered in Bermuda and listed on the London Stock
Exchange.
“Donna has a broad range of experience across the finance,
technology, operations and audit functions, as well as proven
leadership in driving strategy for various business lines and
revenue centers,” added Amelia Fawcett, independent lead director
of State Street Corporation. “She will bring additional strength to
our Board.”
About State Street
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 $43.7 trillion in assets
under custody and/or administration and $4.1 trillion* in assets
under management as of December 31, 2021, State Street operates
globally in more than 100 geographic markets and employs
approximately 39,000 worldwide. For more information, visit State
Street's website at www.statestreet.com.
*Assets under management as of December 31, 2021 includes
approximately $61 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.
© 2022 State Street Corporation - All Rights Reserved
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Media Contact: State Street Ed Patterson
epatterson@statestreet.com +1 404 213 3106
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