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Key people

Joseph (Jay) L. Hooley, Chairman, President and Chief Executive Officer

Jay Hooley is chairman, president and chief executive officer of State Street Corporation, one of the world's leading providers of financial services to institutional investors, with US$20.2 trillion in assets under custody and administration, and US$1.9 trillion in assets under management as of September 30, 2010.

Since joining State Street in 1986, Mr. Hooley has held a number of diverse leadership positions with increasing responsibility. After leading the US Mutual Fund sales organization, he joined State Street’s shareholder servicing joint venture with Kansas City-based DST systems. From 1988 to 1990, he served as president and chief executive officer of National Financial Data Services and went on to become president and chief executive officer of Boston Financial Data Services from 1990 to 2000. During this time, he oversaw the dramatic growth of the core domestic services business and was responsible for the creation of International Financial Data Services extending the joint ventures shareholder servicing offering to Europe and Canada.

Mr. Hooley returned to State Street in 2000 to manage the company’s global investment servicing business. During this time, he played a lead role in the company’s major strategic acquisitions, including Deutsche Bank’s Global Securities Services business in 2003 and Investors Financial Services Corporation in 2007. Mr. Hooley was appointed vice chairman in 2006 and president and chief operating officer in 2008. In this role, he was responsible for all of State Street's asset servicing and trading activities worldwide — including investment servicing, investment research and trading, and securities finance — which at the time accounted for approximately 85 percent of the company’s fee revenue. He also oversaw State Street’s securities operations and its industry-leading corporate technology, to which the company has historically devoted approximately 20 percent of operating expenses annually.

Mr. Hooley is a director on the board of Boston Financial Data Services, Boys and Girls Clubs of Boston, the President’s Council of the Massachusetts General Hospital, and the Massachusetts Competitive Partnership (MACP). He is chairman of the Boston College Center for Asset Management and a member of The Boston Club’s Corporate Advisory Board, which is focused on identifying and recommending qualified women candidates for openings on corporate boards. Mr. Hooley represents the Federal Reserve Bank of Boston as First District member of the Federal Advisory Council and is also a member of the Financial Services Forum in Washington, DC, a non-partisan financial and economic policy organization comprising the CEOs of 18 of the largest and most diversified financial services institutions doing business in the United States.

He received his Bachelor of Science degree from Boston College.

Joseph C. Antonellis, Vice Chairman

Joseph C. Antonellis is vice chairman of State Street and leads all Europe and Asia-Pacific Global Services, including Alternative Investment Solutions, and Global Markets. In this role, Mr. Antonellis oversees strategy, operations and business development for State Street’s investment servicing and investment research and trading outside of the Americas. He is also a member of State Street’s Management Committee, the company’s most senior strategy and policy-making team. Previously, he was head of the North American global services business unit, and oversaw State Street’s investment manager operations outsourcing business unit and managed the Global Product Management division.

Under his leadership as former head of Global Information Technology and Operations, State Street’s information technology and IT team were recognized as ‘the gold standard’ in developing the best client solutions, envisioning fresh approaches to business challenges and effectively managing IT investments by many industry-leading publications such as CIO, Computerworld, Fortune,Waters and Information Week 500.

Mr. Antonellis joined State Street in November 1991 in Mutual Fund Services and since then he has held a number of leadership positions. In 1999, he was promoted to executive vice president, with responsibility for the Institutional Investor Services (IIS) business unit. Mr. Antonellis was the driving force behind doubling IIS revenues, assets and customers in less than two years.

Mr. Antonellis serves on the board of directors of Euroclear PLC. He is also non-executive Chairman of PensionsFirst and director of Boston Financial Data Services, a State Street joint venture with DST Systems, Inc. He is chairman of the board of directors for Boston Partners in Education and a member of the Business Advisory Council of Bentley College.

Mr. Antonellis received his Bachelor of Arts degree with honors from Harvard College and holds a Master of Business Administration degree from Bentley University.

Andrew Kuritzkes, Executive Vice President and Chief Risk Officer

Andrew Kuritzkes is executive vice president and chief risk officer for State Street Corporation, responsible for leading the company’s risk management function globally. He is also a member of State Street’s Management Committee, the company’s most senior strategy and policy-making team.

Prior to joining State Street in 2010, Mr. Kuritzkes was a partner of Oliver Wyman and led the firm’s Public Policy practice in North America. He joined Oliver, Wyman & Company in 1988, was a managing director in the firm’s London office from 1993 to 1997, and served as vice chairman of Oliver, Wyman & Company globally from 2000 until the firm’s acquisition by MMC in 2003. From 1986 to 1988, he worked as an economist and lawyer for the Federal Reserve Bank of New York.

Mr. Kuritzkes serves as a senior advisor to the US Committee on Capital Markets Regulation, and was the primary author of the chapter on bank capital regulation in the Committee’s 2009 blueprint for regulatory reform. He is also a member of the Financial Advisory Roundtable of the Federal Reserve Bank of New York. Mr. Kuritzkes has consulted on a broad range of strategy, risk management, regulatory, governance and organizational issues for financial institutions, industry associations and regulators globally. He has worked extensively with organizations, at the board and senior executive levels, on developments in finance and risk management, including the link between risk measurement and strategy, risk governance and organization, the impact of regulation and public policy, Basel II implementation, and active balance sheet and capital management.

Mr. Kuritzkes has written and spoken widely on risk, financial structuring, and regulatory topics. His articles have appeared in Strategic Finance, Risk, Die Bank, Banking Strategies, Journal of Applied Corporate Finance, Journal of Risk Finance, Journal of Financial Services Research, Financial Times, Wall Street Journal, and the Brookings-Wharton Papers on Financial Services.

He holds a Juris Doctor degree from Harvard Law School, a Master of Philosophy degree in economics from Cambridge University, and a Bachelor of Arts degree from Yale College.