State Street Appoints Donna M. Milrod as Head of Global Clients Division
December 10 2018 - 7:00AM
Business Wire
Veteran Banking Executive Will Join State Street’s Management
Committee
State Street Corporation (NYSE: STT) announced today the
appointment of Donna M. Milrod to lead a newly formed Global
Clients Division, focused on delivering cross-enterprise solutions
and insights to the company’s global and most complex clients.
Milrod reports to Andrew Erickson, head of State Street’s Global
Services business, and joins State Street’s Management Committee,
the company’s most senior strategy and policy-making team.
Milrod will be responsible for strengthening clients’
interactions with State Street, making it more seamless to access
expertise, insights and solutions that enable their business and
core strategic objectives.
Milrod has 25 years of experience in banking and financial
services including leadership positions at Deutsche Bank, where she
served as deputy chief executive officer for its North America
business. At Deutsche Bank Americas she was a member of the
Regional Executive and Client Committees with responsibility for
its North America clients and revenue. She most recently was a
senior advisor to both Broadridge and McKinsey & Company where
she provided advice for navigating risk, optimizing operating
efficiencies and increasing revenue growth. Milrod’s most recent
executive role was with the Depository Trust and Clearing
Corporation (DTCC) where she served on the Management Committee and
was head of DTCC Solutions, delivering innovative post-trade
processing solutions to clients. She also led global strategy and
business development and prior to that was the chief administrative
officer leading operations and finance. Milrod also served as
chairman of the board of DTCC Deriv/SERV LLC and chairman of the
Omgeo Board of Managers.
“Donna brings important skillsets to State Street with her deep
business knowledge, relationship management skills, regulatory and
operations background,” said Erickson. “As an advocate for our
clients, she will help simplify the way they experience State
Street, working with them to bring solutions together in a cohesive
way to help solve their challenges.”
Milrod earned a Bachelor of Arts degree from Smith College and a
Master of Business Administration degree from Columbia Business
School. She currently serves on a number of public, private and
nonprofit boards including Valmont Industries (NYSE:VMI), T-Rex
Group, the New York Academy of Sciences and the Partnership Fund
for New York City. She is also a member of the Committee of 200,
National Association of Corporate Directors, New York Women’s
Forum, Council on Foreign Relations and Economic Club of New
York.
“The industry is going through enormous change. I am excited to
be joining State Street, who is uniquely positioned to help clients
navigate through this change. I look forward to working together
with our clients to enhance our relationships,” added Milrod.
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 $33.99 trillion in assets
under custody and administration and $2.81 trillion* in assets
under management as of September 30, 2018, 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.
*This figure is presented as of September 30, 2018 and includes
approximately $28 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.
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State Street CorporationMarc Hazelton+1 617 662
1860MHAZELTON@StateStreet.com@StateStreetorIlene Fiszel Bieler+1
617 664 4122IFiszelBieler@StateStreet.com@StateStreet
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