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State Street Appoints Marie Chandoha to its Board of Directors

BOSTON--(BUSINESS WIRE)--

State Street Corporation (STT) today announced the appointment of Marie Chandoha to its Board of Directors as a director.

Chandoha brings a wealth of diverse financial services experience and knowledge gained throughout her more than 35-year career. Most recently she was CEO of Charles Schwab’s Investment Management division (CSIM) where, during her eight-year tenure, she transformed the business to support the company’s broader corporate strategy. During her tenure she established a leadership team, built a scalable operational platform and implemented a successful distribution and marketing strategy which doubled the firm’s assets under management.

“We are delighted to welcome Marie to our board,” said Amelia Fawcett, lead director. “She is a richly experienced global leader with a track-record of successfully developing and implementing strategy to meet key objectives, as well as having a keen understanding of the regulatory environment. Marie has great knowledge of the asset management industry as well as extensive experience in positions of governance and oversight. I know State Street will benefit from the valuable insight and counsel that she will bring to our board.”

Prior to leading CSIM, Chandoha was global head of Fixed Income Business at Barclays Global Investors (acquired by BlackRock in 2009). In this role she led the global bond business comprising index, institutional active, ETF, and alternatives products. During this time Chandoha led a focus on commercialization, innovation, and new product development and was credited with helping to grow assets under management by more than $100 billion between 2007 and 2010. Before entering asset management, Chandoha held other roles in financial services, including leading the global fixed income and economics research team at Credit Suisse and as a senior bond strategist at Goldman Sachs.

Chandoha has served on the executive committee and board of governors of the Investment Company Institute. She currently serves as a Trustee for The Nature Conservancy of California, chairing the Finance, Strategy and Planning Committee. Chandoha has been recognized for her many professional achievements over the past several years including being named to American Banker’s Most Powerful Women in Finance in 2017 and 2018, being recognized as the Fund Leader of the Year at the Mutual Fund Industry Awards in 2018 and subsequently receiving their Lifetime Achievement Award in 2019.

About State Street Corporation

State Street Corporation (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 $32,754 billion in assets under custody and administration and $2,918 billion* in assets under management as of June 30, 2019, State Street operates globally in more than 100 geographic markets and employs approximately 39,000 worldwide. For more information, visit State Street's website at www.statestreet.com.

*Assets under management include the assets of the SPDR® Gold ETF and the SPDR® Long Dollar Gold Trust ETF (approximately $36 billion as of June 30, 2019), for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) serves as marketing agent; SSGA FD and State Street Global Advisors are affiliated.

State Street Corporation One Lincoln Street, Boston, MA 02111-2900.

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Expiration Date: 9/30/2020

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