State Street Appoints New Chief Financial Officer for EMEA

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Thursday, July 13, 2017 10:50 am EDT

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London
"EMEA is a key growth region for State Street given positive GDP trends and the economic outlook in the region. Melissa’s deep experience will further strengthen our offerings as we continue to grow our presence and deepen relationships with clients."

LONDON, July 10, 2017 — State Street Corporation (NYSE: STT) announced today the appointment of Melissa Ballenger to chief financial officer (CFO) for Europe, the Middle East & Africa (EMEA). Based in London, Ballenger will report to Eric Aboaf, global CFO of State Street, as well as Jeff Conway, chief executive officer of State Street for EMEA.

Ballenger brings significant experience to State Street and most recently held the role of chief business control officer at Santander Bank in the US, where she was also CFO. Prior to this she held executive financial controller and financial officer positions at TD Bank, MasterCard Worldwide, Washington Mutual Bank and Freddie Mac.

Ballenger will oversee finance, treasury, real estate and procurement for EMEA, and maintain end-to-end oversight of all financial management and control functions for business lines and legal entities in the region. She will also play a key role in advancing State Street’s multi-year digitisation effort, Beacon.

Commenting on the appointment, Aboaf said, “EMEA is a key growth region for State Street given positive GDP trends and the economic outlook in the region. Melissa’s deep experience will further strengthen our offerings as we continue to grow our presence and deepen relationships with clients.”

Conway added, “We are delighted to welcome Melissa who will be an excellent addition to the organisation, particularly as we continue to progress Beacon, which will allow us to offer clients innovative solutions, an increased time-to-market, and much more end-to-end and integrated systems and platforms.”

Mark Keating, who most recently held the role of CFO for EMEA, remains at State Street and will return to Boston after a comprehensive handover with Ballenger to ensure a smooth transition of responsibilities.


About State Street

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 $29.83 trillion in assets under custody and administration and $2.56 trillion* in assets under management as of March 31, 2017, 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

* AUM reflects approximately $33.30 billion (as of March 31, 2017) with respect to which State Street Global Advisors Funds Distributors, LLC (SSGA FD) serves as marketing agent; SSGA FD and State Street Global Advisors are affiliated.

Contact:

Lydia Cambata
+44 020 395 7319
lcambata@statestreet.com
@StateStreet

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