Donna DeMaio, 63, was elected to the board. She led MetLife Bank and AIG's general insurance group. She was a PwC financial services partner before. State Street manages $4.1 trillion* in assets in more than 100 markets.

DonnaLee (Donna) DeMaio was elected to State Street's board today.

Ms. DeMaio, 63, was EVP and worldwide COO of AIG's General Insurance sector (AIG). She oversaw more than 5,000 personnel across five shared services centres in Asia, the US, and Europe. Ms. DeMaio oversaw global technology, operations, procurement, real estate, administration, security, risk and control, project management, and transformation at AIG. She was head auditor.

Before joining AIG, DeMaio led MetLife Bank's seven business lines and 6,000 workers in 200 locations. Her responsibilities included developing a risk organisation to address financial and operational risk. Before MetLife, DeMaio was a financial services partner at PwC.

Ron O'Hanley, State Street Corporation's CEO, remarked,

"We're happy to welcome Donna. She has global experience in regulated financial services firms. She has offered strategic direction and leadership across different regions, business lines, and geographic locations, and we're convinced she'll be an addition to our Board."

Ms. DeMaio graduated from Muhlenberg College in 1981 with a BA in accounting and business. She's CPA. She serves on the board of Hiscox Ltd., a Bermuda-based, London Stock Exchange-listed insurer.

Amelia Fawcett, independent lead director of State Street Corporation, said

"Donna has experience in finance, technology, operations, and audit, as well as driving strategy for numerous business lines and revenue centres. She'll bolster our board."

State Street Corporation (NYSE: STT) provides investment servicing, investment management, and investment research and trading to institutional clients. State Street has $43.7 trillion in assets under custody and/or administration and $4.1 trillion* under management as of December 31, 2021. It operates in more than 100 global marketplaces and employs 39,000 people. www.statestreet.com has further details.

Source: State Street news