BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT) today announced the appointment of William C. Freda (Bill), retired senior partner and vice chairman of Deloitte LLP, to its board of directors.
“We are very pleased to welcome Bill to our board,” said Joseph L. Hooley, chairman, president and chief executive officer of State Street Corporation. “His distinguished track record of performance serving global companies and his extensive experience with corporate governance, risk management and public policy will add to our board’s expertise.”
Mr. Freda, age 62, recently retired from Deloitte, where he served many of the organization’s significant clients and maintained key relationships, acting as a strategic liaison to the marketplace as well as to professional and community organizations. He was a member of Deloitte’s US Executive Committee and, from 2007-2013, he served on the Deloitte Touche Tohmatsu Limited Board of Directors, holding such leadership roles as chairman of the Audit Committee and Chairman of the Risk Committee. Mr. Freda built a distinguished record of service during his 40-year career at Deloitte, having served on a wide range of multinational engagements for many of Deloitte’s largest and most strategic clients. Mr. Freda has previously acted as Deloitte’s regional managing partner for the Northeast, the organization’s largest region, and has led Deloitte’s global and U.S. financial services industry practice.
Mr. Freda is actively involved in a number of industry associations and community organizations. He is a member of the Committee on Capital Markets Regulation and serves on the Board of Trustees for Bentley University. He also serves on the Advisory Board of Youth, I.N.C.
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 $28.47 trillion in assets under custody and administration and $2.42 trillion* in assets under management as of September 30, 2014, State Street operates in more than 100 geographic markets worldwide, including the US, Canada, Europe, the Middle East and Asia. For more information, visit State Street’s web site at www.statestreet.com.
* Assets under management include the assets of the SPDR® Gold ETF (approximately $30 billion as of September 30, 2014), for which State Street Global Markets, LLC, an affiliate of SSgA, serves as the distribution agent.