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Organisational Structure of State Street Corporation

Organisational Structure of State Street Corporation

Discuss Organisational Structure of State Street Corporation within the Human Resources Management (H.R) forums, part of the PUBLISH / UPLOAD PROJECT OR DOWNLOAD REFERENCE PROJECT category; State Street Corporation, or just simply State Street is a U.S. based financial services holding company. State Street was founded ...

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Netra Shetty
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netrashetty
Student of PGDM at Mats Institute of Management and Entrepreneurship
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Organisational Structure of State Street Corporation - February 5th, 2011

State Street Corporation, or just simply State Street is a U.S. based financial services holding company. State Street was founded in 1792, and is headquartered in the Financial District area of Boston at One Lincoln Street.[2] State Street has offices in major financial centers in North America, Europe and Asia such as London, Edinburgh, Boston, New York City, Chicago, Los Angeles, Kansas City, Missouri, Frankfurt, Zürich, Munich, Cologne, Vienna, Grand Cayman, Paris, Amsterdam, Cape Town, Hong Kong, Beijing, Singapore, Sydney, Dubai, Dublin, Luxembourg, Krakow, Milan, Montreal, Seoul, Tokyo, Taipei, and Toronto.
State Street Bank and Trust Company, a leading custodian bank, and its sister company State Street Global Advisors (SSgA), which is a leading registered investment advisor, together comprise the principal operating companies within parent company State Street Corporation. State Street Bank provides securities services to institutional investors as a custodian bank and SSgA provides investment management services to mutual funds and other asset managers. State Street customers include mutual funds and their advisers, collective investment funds, corporate and public pension funds, insurance companies, operating companies and non-profit organizations.
The company employs 27,310 staff around the world,[3] which is down from 2008 levels after laying off approximately 1,400 employees. This impacted about 6% of global staffing, eastern Massachusetts bearing the bulk of the reductions. The layoffs were instituted despite State Street following suit like some of its competitors and other wall street firms with near-shoring efforts (transferring positions to lower cost US cities) and offshoring positions to joint venture operations in cities including Mumbai, Pune and Krakow. The bank claims assets under custody of US$17.9 trillion and assets under management of US$1.7 trillion as of September 30, 2009.[4]

Chairman of the Board

Ronald Logue
Vice Chairman of the Board

Joseph Antonellis

Director

Ronald Skates

Director

Gregory Summe

Director

Kennett Burnes

Director

Peter Coym

Director

Amelia Fawcett

Director

Linda Hill

Director

Richard Sergel

Director

Patrick de Saint-Aignan
Director

David Gruber

Director

Charles LaMantia

Director

Robert Weissman

Director

Robert Kaplan
CFO

Edward Resch
Executive Vice President

KK

Executive Vice President

Michael Rogers

Executive Vice President

Tracy Atkinson
Executive Vice President

NB
Executive Vice President

AC
Vice President

PC
Executive Vice President

DC
Executive Vice President

JC
Executive Vice President

MC
Executive Vice President

JC
Executive Vice President

TC
Executive Vice President

DD

Administrative

David O'Leary
CIO

CP
Risk Management

AK
Human Resources

AQ
Development & Relationship M...

JK
Legal

JC
Legal

DP
Operations & Product Develop...

JP

Risk Management & Corporate ...

Joseph Chow
Treasurer

DG
Investment

RL
CEO

Joseph Hooley
Control

JM
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Last edited by netrashetty; February 5th, 2011 at 03:36 PM..
   
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