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.