State Street welcomes Donna DeMaio to its Board of Directors

– USA, MA –  State Street Corporation (NYSE: STT) today announced the election of Donna DeMaio to its Board of Directors.

“We are delighted to welcome Donna to our Board. She has extensive experience in highly regulated entities across the financial services industry, as well as deep global expertise. She has also provided strategic direction and leadership with results that span multiple regions, business lines and geographic locations, and we are confident she will be an invaluable asset to our Board,” said Chairman and CEO, Ron O’Hanley.

Amelia Fawcett, lead independent director added, “Donna has a broad range of experience across the finance, technology, operations, and audit functions, as well as proven leadership in driving strategy for various business lines and revenue centers. She will bring additional strength to our Board.”

About DonnaLee (Donna) DeMaio

Donna DeMaio was previously EVP and global COO for the General Insurance division of American International Group. In this role she was responsible for all operational aspects of General Insurance globally, overseeing an organization of more than 5,000 employees, across five shared services sites in Asia, the United States, and Europe. Ms. DeMaio held a variety of senior roles at AIG during her tenure, including overseeing global technology, global operations, procurement, real estate, administration, security, risk and control, project management, and transformation. She also served as chief auditor.

Before joining AIG, Ms. DeMaio was president and CEO of MetLife Bank, responsible for the company’s seven business lines and leading 6,000 employees across 200 locations. Her responsibilities included building a risk organization to address all aspects of financial and operational risk for the company. Before MetLife Bank, Ms. DeMaio was a partner at PwC specializing in financial services.

Ms. DeMaio received her Bachelor of Arts degree, summa cum laude, with majors in accounting and business from Muhlenberg College in 1981. She is also a Certified Public Accountant. She currently serves on the board of Hiscox Ltd., a global specialist insurer, headquartered in Bermuda and listed on the London Stock Exchange.

About State Street

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 $43.7 trillion in assets under custody and/or administration and $4.1 trillion in assets under management as of December 31, 2021, State Street operates globally in more than 100 geographic markets and employs approximately 39,000 worldwide.

For more information: https://www.statestreet.com/

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