Some of the most widely discussed include: authoritarian (autocratic), participative (democratic), delegative (laissez-faire), transformational, transactional, and situational. Get to know the team. Lou Maiuri has been appointed to president and head of Investment Services and Eric Aboaf, chief financial officer, to vice chairman. ccichon@statestreet.com The insights we gain help us improve site usability. You can unsubscribe to any of the email alerts you are subscribed to by visiting the unsubscribe section below. Important factors that may affect future results and outcomes include, but are not limited to: Other important factors that could cause actual results to differ materially from those indicated by any forward-looking statements are set forth in our 2021 Annual Report on Form 10-K and our subsequent SEC filings. The products and services described on this web site are intended to be made available only to persons in the United States, and the information on this web site is only for such persons. Lou Maiuri and Eric Aboaf to Take on Additional Responsibilities as President and Vice Chairman Respectively. For us, success comes in the mark we make as an organization for the industry, our clients, our communities and each other. Persons under these restrictions must not access the Site. THIS SITE IS INTENDED FOR QUALIFIED INVESTORS ONLY. Forward-looking statements are often, but not always, identified by such forward-looking terminology as will, forward, "strategy," "target," guidance, expect, priority, objective, plan, forecast, believe, anticipate, estimate, seek, may, outlook, trend, intend and goal, or similar statements or variations of such terms. Our leadership team is backed by more than 500 market cycle-tested investment professionals. Banking (4908 companies including State Street) download a prospectus or summary prospectus. *Assets under management as of March 31, 2022 includes approximately $73 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. His team leadership abilities reached far beyond that of just his direct reports and he was a cornerstone of the pensions group, both as an producer of fine, clean copy and as a source of comedy. After submitting your request, you will receive an activation email to the requested email address. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the 'unsubscribe' section below. His role across all uses of our balance sheet will create additional growth and efficiencies, further drive balance sheet optimization, and promote capital return to shareholders. listen. Five traits help us embed these values into our culture and reinforce the high-performing behaviors we want to encourage in ourselves and each other: choose to own it; break through silos; deliver results with integrity and speed; do better every day; and care for our colleagues, clients and community. Prior to joining State Street Advisors in 2003, Nancy directed the research and legislative tracking services for a high-volume lobbying firm in Harrisburg, Pennsylvania. That commitment has earned us recognition in key industry surveys and awards. It conducts business primarily through State Street Bank. Our clients asset managers and owners, insurance companies, official institutions and central banks rely on us to deliver solutions that support their goals across the investment life cycle. His role across all uses of our balance sheet will create additional growth and efficiencies, further drive balance sheet optimization, and promote capital return to shareholders. Boston, MA Candidates need to be able to work in . We maintain close relationships with analysts and investors to make sure they understand our goals, how we plan to get there and our progress along the way. We partner with leading financial experts, market disruptors and industry visionaries across the globe to provide our clients with the insights and solutions they need to gain an edge. To know first hand how is it like to work at State Street Corporation read detailed reviews by job profile, department and location in the reviews section. We'll look at markets, social change, technology, innovation and more. Text. As an essential partner to institutional investors, our purpose is to help create better outcomes for the worlds investors and the people they serve. BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today announced its commitment as an inaugural employer pursuing the Management Leadership for Tomorrow (MLT) Hispanic Equity at Work . Net income was $2.7 billion in 2021, up 11% year-over-year. Maiuri and Aboaf will both continue to report to Ron OHanley, chairman and chief executive officer. 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 this News Release is first issued. To be located at Bulfinch Crossing - a major redevelopment project in downtown Boston which will create six new high-rise and mid-rise buildings - One Congress will break ground in the summer of 2019. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the 'unsubscribe' section below. [[]] %%State Street Corporation%%. Carolyn Cichon Out of 116 State Street employee reviews, 57% were positive. Based on 90 ratings, State Street's employees are less satisfied with their Executive Team and give them a "D" or 56/100. BOSTON--(BUSINESS WIRE)-- State Street Corporation (NYSE:STT) today announced that Yvette Hollingsworth Clark has been appointed to executive vice president and global chief compliance officer. The move will impact approximately 500 employees who previously worked there, a . There are many leadership styles. All rights reserved. BOSTON--(BUSINESS WIRE)-- You must click the activation link in order to complete your subscription. Leadership styles refer to a leader's characteristic behaviors when directing . State Street - Log In First time user? With Insights, you can read market commentary from our team of macro strategists and explore the most interesting trends in our daily indicators of investor behavior, risk, inflation and sentiment based on award-winning research. Board of Directors. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. We're at the heart of financial services. SSGA Intermediary Business offers a number of products and services designed specifically for various categories of investors. BOSTON-- (BUSINESS WIRE)-- State Street Corporation (NYSE: STT) today announced that State Street Digital, the firm's dedicated digital division, has added three veteran digital executives to its leadership team. Vice President of Senior Living. To obtain a prospectus or summary prospectus which contains this and other information, call 1-800-997-7327,download a prospectus or summary prospectusnow, or talk to your financial advisor. . We offer an intuitive and interactive way to engage with State Street Global Markets' research. J. Kane Ditto. Nothing on this web site shall be considered a solicitation to buy or an offer to sell a security to any person in any jurisdiction where such offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. My Background: Junior at Umass-Lowell Majoring in Economics Minor in Math Previous Internship at Bain Capital. State Street | 475,013 followers on LinkedIn. Expanding and elevating Lous and Erics roles and remits will deepen focus and accountability for results across our business globally, said OHanley. With $41.7 trillion in assets under custody and/or administration and $4.0 trillion* in assets under management as of March 31, 2022, State Street operates globally in more than 100 geographic markets and employs approximately 39,000 worldwide. After submitting your request, you will receive an activation email to the requested email address. State Street Corporation overall rating is based on 1.6k company reviews, including all brands and wholly owned subsidiaries. Nicole Dubay. State Street's leaders bring a wealth of knowledge and experience in all aspects of the financial services industry. How to Lead: 6 Leadership Styles and Frameworks. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. BOSTON, September 15, 2022--State Street Corporation (NYSE: STT) today announced its commitment as an inaugural employer pursuing the Management Leadership for Tomorrow (MLT) Hispanic Equity at . All rights reserved. Our employees live and work in countries all over the world. State Street provides investment management, servicing and administration; research and trading, and financial data analytics for institutional invest. SSGA FD and State Street Global Advisors are affiliated. He sits on the board of directors of Liberty Mutual, which, in the face of activist pressure, has started to make gestures around climate concerns. My executives. President & Chief Executive Officer TRANSITION PERIOD AND TERMINATION OF EMPLOYMENT. State Street Alpha SM is the first front-to-back asset servicing platform from a single provider for institutional and wealth management firms.. Alpha brings together our clients' choice of real-time data and asset intelligence across the investment lifecycle to help them make better decisions and deliver growth for their clients. Before investing, consider the funds' investment objectives, risks, charges and expenses. GlobalLink Electronic Trading Platforms. State Street Corporation (NYSE: STT) is one of the worlds leading providers of financial services to institutional investors including investment servicing, investment management and investment research and trading. Sarah Clark. Events & Presentations. Expanding and elevating Lous and Erics roles and remits will deepen focus and accountability for results across our business globally, said OHanley. All (118 reviews) Compensation (15 reviews) Interviews (12 reviews) Team (15 reviews) State Street Expands Responsibilities of Executive Leadership Team, Supplemental Public Disclosure of Basel III Regulatory Capital, U.S. View More Information About Our Firm:FINRA's BrokerCheck. Boston, MA, State Street Bank and Trust Company View All Leadership Ratings. SSGA FD and State Street Global Advisors are affiliated. You and State Street agree as follows: 1. The consummation of our planned acquisition of the BBH Investor Services business is subject to the receipt of regulatory approvals and the satisfaction of other closing conditions, the failure or delay of which may prevent or delay the consummation of the acquisition; while we are evaluating potential modifications to the transaction that are intended to facilitate resolution of the bank regulatory review, there can be no assurance as to the timing or outcome of that review; Even if we successfully consummate our planned acquisition of the BBH Investor Services business, we may fail to realize some or all of the anticipated benefits of the transaction or the benefits may take longer to realize than expected; We are subject to intense competition, which could negatively affect our profitability; We are subject to significant pricing pressure and variability in our financial results and our AUC/A and AUM; Our development and completion of new products and services, including State Street Digital or State Street Alpha, and the enhancement of our infrastructure required to meet increased regulatory and client expectations for resiliency and the systems and process re-engineering necessary to achieve improved productivity and reduced operating risk, may involve costs and dependencies and expose us to increased risk; Our business may be negatively affected by our failure to update and maintain our technology infrastructure; The COVID-19 pandemic continues to exacerbate certain risks and uncertainties for our business; Acquisitions, strategic alliances, joint ventures and divestitures, and the integration, retention and development of the benefits of our acquisitions, pose risks for our business; Competition for qualified members of our workforce is intense, and we may not be able to attract and retain the highly skilled people we need to support our business; We could be adversely affected by geopolitical, economic and market conditions, including, for example, resulting from the present conflict in Ukraine; We have significant International operations, and disruptions in European and Asian economies could have an adverse effect on our consolidated results of operations or financial condition; Our investment securities portfolio, consolidated financial condition and consolidated results of operations could be adversely affected by changes in the financial markets; Our business activities expose us to interest rate risk; We assume significant credit risk to counterparties, who may also have substantial financial dependencies with other financial institutions, and these credit exposures and concentrations could expose us to financial loss; Our fee revenue represents a significant portion of our consolidated revenue and is subject to decline based on, among other factors, market and currency declines, investment activities of our clients and their business mix; If we are unable to effectively manage our capital and liquidity, our consolidated financial condition, capital ratios, results of operations and business prospects could be adversely affected; We may need to raise additional capital or debt in the future, which may not be available to us or may only be available on unfavorable terms; If we experience a downgrade in our credit ratings, or an actual or perceived reduction in our financial strength, our borrowing and capital costs, liquidity and reputation could be adversely affected; Our business and capital-related activities, including common share repurchases, may be adversely affected by capital and liquidity standards required as a result of capital stress testing; We face extensive and changing government regulation in the jurisdictions in which we operate, which may increase our costs and compliance risks; We are subject to enhanced external oversight as a result of the resolution of prior regulatory or governmental matters; Our businesses may be adversely affected by government enforcement and litigation; Any misappropriation of the confidential information we possess could have an adverse impact on our business and could subject us to regulatory actions, litigation and other adverse effects; Our calculations of risk exposures, total RWA and capital ratios depend on data inputs, formulae, models, correlations and assumptions that are subject to change, which could materially impact our risk exposures, our total RWA and our capital ratios from period to period; Changes in accounting standards may adversely affect our consolidated financial statements; Changes in tax laws, rules or regulations, challenges to our tax positions and changes in the composition of our pre-tax earnings may increase our effective tax rate; The transition away from LIBOR may result in additional costs and increased risk exposure; Our control environment may be inadequate, fail or be circumvented, and operational risks could adversely affect our consolidated results of operations; Cost shifting to non-U.S. jurisdictions and outsourcing may expose us to increased operational risk, geopolitical risk and reputational harm and may not result in expected cost savings; Attacks or unauthorized access to our information technology systems or facilities, or those of the third parties with which we do business, or disruptions to our or their continuous operations, could result in significant costs, reputational damage and impacts on our business activities; Long-term contracts expose us to pricing and performance risk; Our businesses may be negatively affected by adverse publicity or other reputational harm; We may not be able to protect our intellectual property; The quantitative models we use to manage our business may contain errors that could result in material harm; Our reputation and business prospects may be damaged if our clients incur substantial losses or are restricted in redeeming their interests in investment pools that we sponsor or manage; The impacts of climate change, and regulatory responses to such risks, could adversely affect us; and. 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