Ron O’Hanley

State Street Corporation (NYSE: STT) has marked the opening of its new global headquarters building at One Congress Street, located in the Bullfinch Crossing area of downtown Boston. The new headquarters embraces the evolving needs of the workforce with flexible workstations and an environment built for increased collaboration and productivity.

“Boston has been home to State Street for more than 230-years and today’s opening further demonstrates our commitment to the city as a hub for both innovation and financial excellence,” said Ron O’Hanley, chairman and chief executive officer of State Street Corporation. “This is the beginning of a new and exciting chapter in our company’s rich history, and one that will provide our employees with a state-of-the-art working environment that will increase our ability to collaborate and ultimately, help us achieve better outcomes for our clients, our employees and the industry.”

State Street occupies approximately 500,000 square feet of space, including wellness amenities and an innovative client centre.

“Boston’s diverse business sector has played an invaluable role in shaping our city over the years, and State Street has roots centuries deep in Boston,” said Mayor Michelle Wu. “I’m grateful that State Street has chosen to continue making Boston its home and look forward to their continued positive influence in our city at the new One Congress headquarters.”

Launches the first new brand identity in more than 50 years

Additionally, State Street is launching a new brand and digital-first visual identity to better reflect the future of the organisation. The new brand is designed to reflect the company’s innovation and history of firsts. Brand remains a critical driver of the company’s success, employee engagement and market value.

“Our new brand reflects our identity and the future of our organisation – one that is leading, transformative and client-centric,” added Lou Maiuri, president, chief operating officer and head of Investment Services for State Street Corporation. “It also demonstrates the essential advantage we deliver to institutional investors with leading financial platforms, data, expertise and solutions that help enhance performance and better decision making.”

State Street has been an integral part of the Boston real estate and development community over the years with headquarters buildings serving as fixtures in multiple locations including the Financial District, Back Bay and Downtown Crossing. Its history of innovation includes servicing the first US mutual fund, the first multi-currency accounting platform, launching and servicing SPY (the first and largest US-listed exchange traded fund), and launching State Street Alpha®, the industry’s first interoperable, comprehensive front-to-back solution.

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Jessica Donohue

State Street Corporation (NYSE: STT) has announced it has appointed Executive Vice President Jessica Donohue as head of Global Investment Insights, Sustainability and Impact.

Donohue succeeds Rick Lacaille who announced his retirement earlier this year. She will report to Lou Maiuri, president, chief operating officer, and head of Investment Services.

In this role, Donohue will oversee State Street’s sustainability efforts with a focus on delivering insights to our clients and the industry. In addition, Donohue will lead and coordinate across State Street’s Investment Services and the broader organisation to bring together investment insights and solutions to deepen relationships, particularly with Chief Investment Officers at our client organisations.

“Being a strategic and trusted partner to our clients to meet their complex and changing needs requires us to continue to evolve our investment-related thought leadership and solutions,” said Maiuri. “Jessica’s background in research and investment-related insights, coupled with her deep understanding of clients’ unique challenges and the market overall is precisely what our clients need as we continue to deliver as their essential partner.”

Donohue has held a variety of senior roles for more than two decades with State Street including leading Investor Behaviour Research at State Street Associates, the company’s partnership with academia, and then expanding her role to head this group. She also served as Chief Innovation Officer and Head of Advisory and Information Solutions for Global Exchange (now State Street Alpha℠) and head of Performance & Analytics for Investment Services. Most recently, she was the global head of State Street’s Asset Owner segment.

Donohue’s financial services experience is complemented by her background in academia where she held several teaching positions at Brandeis University and the University of Minnesota. She is also a champion of our inclusion, diversity, and equity program and serves as the co-executive sponsor of our Disability Awareness Alliance.

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Hardeman, who has relocated to Hong Kong from Boston, previously served as head of foreign exchange sales for State Street Global Markets.

In her new role, Hardeman leads the strategic direction, sales, service and operations of the Global Markets business in Asia-Pacific. She reports to Wai-Kwong Seck, chief executive officer for Asia-Pacific, and Lou Maiuri, global head of Global Markets.

“Michele has more than 20 years of experience in capital markets across Australia and the US,” said Seck. “Her global experience and deep understanding of the challenges clients face will enhance our Global Markets capabilities in the region.”

“Investors are always challenged with the need  to generate and preserve alpha in the current market environment, where interest rates are rising, volatility is increasing and many asset classes are getting expensive,” said Hardeman. “Our decision to partner with leading academics at institutions such as Harvard and MIT has allowed us to engage with our customers in unique and productive ways. Our proprietary indicators and research can help clients in Asia-Pacific navigate global markets to improve investment returns and minimise risk. I am excited to return to Asia-Pacific to lead State Street Global Markets as we grow and broaden our capabilities and client base in the region.”

Hardeman joined State Street in 1998 and was head of FX sales for Australia prior to her move to Boston in 2011, where she took on the same position for the Americas. Michele became global head of FX sales in 2015.

State Street Global Markets offers specialised investment research, foreign exchange trading, open architecture trading platforms, transition management, currency management, liquidity management, securities lending and enhanced custody to institutional investors in more than 100 markets globally. It ranked number one in flow research for real money clients and in customer satisfaction globally in the Euromoney 2018 FX survey.

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