BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) today announced its chairman and CEO, Jay Hooley has been awarded by Global Custodian aLifetime Achievement Award. Each year, Global Custodian presents itsLifetime Achievement Award to one distinguished individual from the financial services industry who has made a major impact on the industry during their career. Hooley was selected for being a pioneer in custody and for spearheading State Street’s digitization initiatives.
"Jay has had an incredible impact on State Street and the wider financial services industry during his tenure,” said Global Custodian Managing Editor Jonathan Watkins. “Along with the growth of the custody business, Jay has helped shape a culture at State Street which embraces innovation and inclusion.”
“We are very proud and honored to see Jay be recognized and celebrated for his lifetime of work,” said Ron O’Hanley, president and chief operating officer of State Street, and Hooley’s successor as CEO. “Few CEO’s have done more to help prepare a firm for the future. Jay has been a dedicated champion of State Street’s digitization, global expansion, and diversity and inclusion initiatives, all of which have contributed to our leadership position today.”
Hooley was honored with the award at Global Custodian’s North America Industry Leaders event on November 30 in New York City. At the event State Street was also recognized in one additional category, “Best Custody Technology”.
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 $32.1 trillion in assets under custody and administration and $2.67 trillion* in assets under management as of September 30, 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.