Boston, October 7, 2008 – State Street Corporation (NYSE:STT), the world’s leading provider of financial services to institutional investors, today announced the appointment of Gunjan Kedia to a newly created role as an executive vice president in its US Investment Servicing business. Kedia, who will report to Alan Greene, head of US Investment Servicing, will be responsible for the operational and financial aspects for several of State Street’s premier mutual fund relationships. In addition, she will assist in setting the strategic direction of State Street’s industry-leading mutual fund servicing business.
“I am delighted to have Gunjan join our team,” said Greene. “With her background in product development, she brings a unique perspective to our US mutual funds team. Gunjan has a keen understanding of how to apply innovative business solutions in order to further capitalize on the significant growth opportunities for our business.”
Kedia joins State Street from Bank of New York Mellon, where she served as executive vice president for Global Product Management, Asset Servicing. Prior to her role at Bank of New York Mellon, Kedia was executive director of Mellon Financial’s Investment Manager Solutions area and Director of the Operations Strategy Group. Prior to her tenure at Mellon Financial, Kedia was a partner at McKinsey & Company and previously served as a senior consultant with Price Waterhouse.
“I am delighted to join a world-class organization that understands the importance of anticipating customers’ needs in today’s changing market environment,” added Kedia. “The mutual fund marketplace is becoming even more complex, and I look forward to being at the forefront of developing solutions for this growing market segment.”
State Street Corporation (NYSE: STT) is the world's leading provider of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $15.3 trillion in assets under custody and $1.9 trillion in assets under management at June 30, 2008, State Street operates in 26 countries and more than 100 geographic markets worldwide. For more information, visit State Street’s website at www.statestreet.com.