BOSTON--(BUSINESS WIRE)--

State Street Corporation (NYSE:STT) announced today that it has appointed Ronald (Ron) O’Hanley its vice chairman, effective January 1, 2017. O’Hanley remains the president and chief executive officer of State Street Global Advisors (SSGA).

With more than 30 years of experience in the industry, O’Hanley has held the position of president and CEO of SSGA, the investment management arm of State Street Corporation, since 2015. He led the Company’s recent acquisition of GE Asset Management that extended SSGA’s core investment management capabilities, including in the high growth Outsourced Chief Investment Officer markets, and enhanced SSGA’s capabilities in connection with the delivery of value-added solutions to clients. He has also been an active advocate for retirement savings and workplace coverage for all private-sector working Americans.

“Ron’s leadership within our asset management business and expert counsel as part of our leadership team has been invaluable in helping us to stay ahead of the changes in the industry and deliver better solutions for our clients,” said Jay Hooley, chairman and chief executive officer at State Street. “This appointment reflects Ron’s contributions to our current and future success.”

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 $29 trillion in assets under custody and administration and $2 trillion* in assets under management as of September 30, 2016, 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.

* Assets under management were $2.4 trillion as of September 30, 2016. AUM reflects approximately $40 billion (as of September 30, 2016) with respect to which State Street Global Markets, LLC (SSGM) serves as marketing agent; SSGM and State Street Global Advisors are affiliated.

Forward-Looking Statements

This news release contains forward-looking statements within the meaning of United States securities laws, including statements about our goals and expectations regarding our business, financial and capital condition, results of operations, strategies, the financial and market outlook, dividend and stock purchase programs, governmental and regulatory initiatives and developments, and the business environment. Forward-looking statements are often, but not always, identified by such forward-looking terminology as “future,” “outlook,” “expect,” "priority," “objective,” “intend,” “plan,” “forecast,” “believe,” “anticipate,” “estimate,” “seek,” “may,” “will,” “trend,” “target,” “strategy” 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 date subsequent to the date hereof. Important factors that could cause actual results to differ materially from those indicated by any forward-looking statements are set forth in our 2015 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 speak only as of the date hereof, and we do not undertake efforts to revise those forward-looking statements to reflect events after that date.

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