State Street Appoints Amelia Fawcett as Independent Lead Director
BOSTON--(BUSINESS WIRE)--May 15, 2019--
State Street Corporation (NYSE:STT) today announced that its Board of Directors has appointed Amelia Fawcett as independent Lead Director following its annual review of its governance structure.
Fawcett most recently served on the Board’s Executive Compensation, Risk and Technology and Operations Committees and is a former Chair of the Risk Committee. As Lead Director, she will represent the Board in discussions with shareholders and regulators and preside over meetings of the independent directors.
“Amelia has brought rich experience and thoughtful insights across our Board’s discussions of corporate strategy, operations, risk management and governance. I am pleased that State Street and its shareholders will further benefit from her leadership and active engagement, as she assumes the vital role of Lead Director,” said Kennett (Ken) Burnes, whom Fawcett succeeds in the role.
“The independent Lead Director is an important role in State Street’s governance,” said Amelia Fawcett. “I am eager to work with the Board and management in this expanded capacity to help State Street implement its vision to be the leading asset servicer, asset manager and data insight provider to the owners and managers of the world’s capital.”
Fawcett, who was born and has lived in Boston and is a dual citizen of the United States and the United Kingdom, has extensive and diverse global financial services experience. She is Chairman of Kinnevik AB, a Swedish listed investment company, serves as Chairman of the Standards Board for Alternative Investments and previously served as a Non-Executive Director of Her Majesty’s Treasury and a Member of the Court of Directors of the Bank of England. She also previously served as Vice Chairman and Chief Operating Officer of European Operations of Morgan Stanley, where she had responsibility for business strategy, including business integration, and oversight of operational risk functions, infrastructure support and corporate affairs.
Fawcett was awarded a CBE (Commander of the Order of the British Empire) and a DBE (Dame Commander of the Order of the British Empire) by Queen Elizabeth II, in both instances for services to the finance industry, and in 2018 was made a Commander of the Royal Victorian Order for services as Chairman of The Prince of Wales’s Charitable Foundation. She is also a Trustee of Project Hope (UK).
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.
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.
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Ilene Fiszel Bieler
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KEYWORD: UNITED STATES NORTH AMERICA MASSACHUSETTS NEW YORK
INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE
SOURCE: State Street Corporation
Copyright Business Wire 2019.
PUB: 05/15/2019 05:00 PM/DISC: 05/15/2019 05:00 PM