State Street to Appoint Michael W. Bell as Chief Financial Officer

  State Street to Appoint Michael W. Bell as Chief Financial Officer

Business Wire

BOSTON -- June 6, 2013

State Street Corporation (NYSE: STT) announced today that it has named Michael
W. Bell as executive vice president and member of its Management Committee,
the company’s senior-most policy-making and strategy group. Bell, age 49, will
assume the role of chief financial officer in August, following the planned
retirement of Edward J. Resch (previously announced in November 2012) who has
served in the role for eleven years. As CFO, Bell will be responsible for
State Street’s companywide financial strategy and functions including
treasury, accounting, tax and reporting and investor relations. He will report
directly to Jay Hooley, State Street’s chairman, president and chief executive
officer.

State Street to Appoint Michael W. Bell as Chief Financial Officer (Photo:
Business Wire)

State Street to Appoint Michael W. Bell as Chief Financial Officer (Photo:
Business Wire)

Bell has almost three decades of experience within financial services. He most
recently served as chief financial officer of Manulife Financial Corporation
in Toronto where he was responsible for the global financial functions for one
of the world’s largest life insurance and financial services companies, with
principal operations in Asia, Canada and the United States. Prior to Manulife,
Bell held senior executive roles spanning a 24-year career at Cigna
Corporation including seven years as chief financial officer of the
corporation and two years as president of Cigna Group Insurance.

“We’re delighted to welcome Michael to our management team,” said Hooley. “His
impressive career experience as CFO of two large global companies and
knowledge of financial markets, combined with strong leadership and management
skills, will enhance our commitment to having a best-in-class finance team and
to delivering long-term value to our shareholders.”

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
$25.4 trillion in assets under custody and administration and $2.2 trillion in
assets under management at March 31, 2013, State Street operates in more than
100 geographic markets worldwide, including the U.S., Canada, Europe, the
Middle East and Asia. For more information, visit State Street’s web site at
www.statestreet.com.

This AUM includes the assets of the SPDR Gold Trust (approx. $62.7 billion as
of March 31, 2013), for which State Street Global Markets, LLC, an affiliate
of State Street Global Advisors, serves as the marketing agent.

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Contact:

State Street Corporation
Alicia Curran Sweeney, +1 617-664-3001
www.statestreet.com
@StateStreet
 
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