State Street Appoints Amelia Fawcett as Independent Lead Director

BOSTON–(BUSINESS WIRE)–State Street Corporation (NYSE:STT) today announced that its Board of
Directors has appointed Amelia Fawcett as independent Lead Director
following its annual review of its governance structure.

Fawcett most recently served on the Board’s Executive Compensation, Risk
and Technology and Operations Committees and is a former Chair of the
Risk Committee. As Lead Director, she will represent the Board in
discussions with shareholders and regulators and preside over meetings
of the independent directors.

Amelia has brought rich experience and thoughtful insights across our
Board’s discussions of corporate strategy, operations, risk management
and governance. I am pleased that State Street and its shareholders will
further benefit from her leadership and active engagement, as she
assumes the vital role of Lead Director,” said Kennett (Ken) Burnes,
whom Fawcett succeeds in the role.

The independent Lead Director is an important role in State Street’s
governance,” said Amelia Fawcett. “I am eager to work with the Board and
management in this expanded capacity to help State Street implement its
vision to be the leading asset servicer, asset manager and data insight
provider to the owners and managers of the world’s capital.”

Fawcett, who was born and has lived in Boston and is a dual citizen of
the United States and the United Kingdom, has extensive and diverse
global financial services experience. She is Chairman of Kinnevik AB, a
Swedish listed investment company, serves as Chairman of the Standards
Board for Alternative Investments and previously served as a
Non-Executive Director of Her Majesty’s Treasury and a Member of the
Court of Directors of the Bank of England. She also previously served as
Vice Chairman and Chief Operating Officer of European Operations of
Morgan Stanley, where she had responsibility for business strategy,
including business integration, and oversight of operational risk
functions, infrastructure support and corporate affairs.

Fawcett was awarded a CBE (Commander of the Order of the British Empire)
and a DBE (Dame Commander of the Order of the British Empire) by Queen
Elizabeth II, in both instances for services to the finance industry,
and in 2018 was made a Commander of the Royal Victorian Order for
services as Chairman of The Prince of Wales’s Charitable Foundation. She
is also a Trustee of Project Hope (UK).

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 $32.6 trillion in assets under custody and administration
and $2.8 trillion* in assets under management as of March 31, 2019,
State Street operates globally in more than 100 geographic markets and
employs approximately 40,000 worldwide. For more information, visit
State Street’s website at

* Assets under management include the assets of the SPDR® Gold ETF
and the SPDR® Long Dollar Gold Trust ETF (approximately $33 billion as
of March 31, 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.

Forward-Looking Statements

This News Release contains forward-looking statements within the meaning
of United States securities laws, including statements about leadership
structures, transitions and governance practices and roles,
responsibilities and opportunities with respect to State Street’s Board
of Directors, as well as about corporate strategies and priorities.
Forward-looking statements are often, but not always, identified by such
forward-looking terminology as “will,” “expect,” “believe,” “look
forward,” “vision,” “priority,” “objective,” “plan,” “strategy,”
“anticipate,” “intend,” “estimate,” “seek,” “may,” “trend,” and “goal,”
or similar statements or variations of such terms. These statements are
not guarantees of future performance, are inherently uncertain, are
based on current assumptions that are difficult to predict and involve a
number of risks and uncertainties. Therefore, actual outcomes and
results may differ materially from what is expressed in those
statements, and those statements should not be relied upon as
representing our expectations or beliefs as of any time subsequent to
the time that this News Release is first issued. Important factors that
could cause actual results to differ materially from those indicated by
any forward-looking statements are set forth in our 2018 Annual Report
on Form 10-K and our subsequent SEC filings. We encourage investors to
read these filings, particularly the sections on risk factors, for
additional information with respect to any forward-looking statements
and prior to making any investment decision. The forward-looking
statements contained in this News Release should not by relied on as
representing our expectations or beliefs as of any time subsequent to
the time that this News Release is first issued, and we do not undertake
efforts to revise those forward-looking statements to reflect events
after that time.

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

© 2019 State Street Corporation – All Rights Reserved


Marc Hazelton
+1 617 662 1860

Fiszel Bieler
+1 617 664 4122

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