State Street Appoints New Global Chief Compliance Officer
October 10 2022 - 8:30AM
Business Wire
Yvette Hollingsworth Clark brings financial services expertise
and extensive compliance and risk management experience
State Street Corporation (NYSE:STT) today announced that Yvette
Hollingsworth Clark has been appointed to executive vice president
and global chief compliance officer. Hollingsworth Clark who will
report to Brad Hu, executive vice president and global head of risk
for State Street, will also be accountable to the Examining and
Audit Committee of State Street’s Board of Directors.
Consistent with the principles of effective compliance,
Hollingsworth Clark will oversee compliance activities globally,
including designing and implementing structures and processes to
drive strong governance and controls. She will also be responsible
for frameworks designed to ensure compliance with laws, regulations
and policies regarding financial services regulatory
requirements.
“Understanding and effectively managing risk in a dynamic
environment is absolutely critical to achieving our business
goals,” said Hu. “Yvette is a respected professional in compliance
risk management, with a strong record of building and leading
effective AML and Compliance frameworks at global financial
institutions. Her deep experience will prove invaluable as we
further strengthen our Compliance and AML organization.”
Hollingsworth Clark brings a strong background of compliance
leadership experience in the financial services industry. Most
recently, Hollingsworth Clark served as the head of compliance for
Google in their Consumer Trust business. Prior to that role,
Hollingsworth Clark held leadership roles at Barclays Capital,
Citigroup, and Wells Fargo. While at Wells Fargo, she served as
executive vice president and chief compliance officer, and
regulatory innovation officer with oversight for approximately
8,600 global locations and 1,800 employees. She was also a bank
regulator and supervisor within the Federal Reserve System.
“Leading financial institutions have opportunities to further
strengthen existing compliance risk management practices ,” said
Hollingsworth Clark. “I am looking forward to working with the
skillful team of risk management professionals at State Street to
further build structures and processes that evolve with the global
risk landscape.”
Hollingsworth Clark is an active member in the community and
serves on the board of Air Lease Corporation, the advisory board
for the Alliance for Innovative Regulation, and is a former board
member of the International Women’s Forum Northern California.
Hollingsworth Clark is a member of The Links, Incorporated and
Executive Leadership Council. She earned an MBA in Financial
Institutions and Markets from Syracuse University and a bachelor’s
degree in Finance from SUNY Polytechnic Institute.
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 $38.2 trillion in assets
under custody and/or administration and $3.5 trillion* in assets
under management as of June 30, 2022, 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 as of June 30, 2022 includes
approximately $66 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: Ed Patterson Epatterson@statestreet.com +1 404 213
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