– USA, MA – 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 Burnes, whom Fawcett succeeds in the role.
About Amelia Fawcett
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.
“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 was awarded a CBE and a DBE 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.
About State Street Corporation
State Street Corporation 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: http://www.statestreet.com
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