Management Team


Liz Nolan
Chief Executive Officer for EMEA

Liz Nolan is chief executive officer of State Street in Europe, the Middle East and Africa (EMEA), responsible for the company’s business and corporate functions in the region. The business provides investment servicing, investment research, trading, and data and analytics to leading institutional investors. Ms. Nolan is also a member of State Street’s Management Committee, the company’s most senior strategy and policy-making team.

Prior to this role, Ms. Nolan was executive vice president and the co-head of State Street Global Services, EMEA, responsible for driving and executing State Street’s servicing strategy for the domestic markets.

Before joining State Street, Ms. Nolan was responsible for the custody and clearance business for Deutsche Bank Global. She also spent 12 years at J.P. Morgan, where her responsibilities included developing global business lines, such as alternative investment services and clearance and collateral management, and leading a global client management organisation covering clients across all sectors. Ms. Nolan has also held senior business management positions at Merrill Lynch, BNP Paribas and Chase Manhattan Bank.


Melissa Ballenger
Executive Vice President and CFO for EMEA

Melissa Ballenger is an executive vice president and chief financial officer (CFO) for EMEA. She is responsible for overseeing Finance, Treasury, Real Estate and Procurement for EMEA, and maintaining end-to-end oversight of all financial management and control functions for business lines and legal entities in the region. She plays an important role in advancing State Street’s change programmes and driving the growth and performance of the regional franchise.

Melissa joined State Street in July 2017, having previously been Chief Financial Officer at Santander Bank in the US, where she was also Chief Business Control Officer. She has held executive financial positions at TD Bank, MasterCard Worldwide, Washington Mutual Bank and Freddie Mac.

Melissa graduated summa cum laude from the College of William and Mary in Virginia, with a Bachelors in Business Administration (concentration in accounting and minor in mathematics). She is a Certified Public Accountant.


Maria Cantillon
Executive Vice President, global head of Sector Solutions, EMEA

Maria leads the regional Sector Solutions organisation, and is responsible for driving the sales strategy for some of State Street’s most important prospects and clients in the region. She works closely with business leads to ensure a unified approach to sales and client activities, and to identify new growth opportunities.

Prior to this role, Maria was global head of Alternative Asset Manager Sector Solutions, one of the world’s largest alternative investment asset servicers. During this time, she was responsible for driving global sales and client relationships across State Street’s Hedge Fund, Private Equity, Offshore and Real Estate Fund Administration businesses worldwide. She worked closely with leading managers in the alternatives industry, advising them on complex industry challenges such as operational efficiency, overcoming regulatory barriers and risk management.

Before joining State Street, Maria was head of Alternative Investment Managers and a member of the executive committee at BNP Paribas Securities Services. She has held similar sales and relationship management roles with HSBC and J.P. Morgan in Singapore, Hong Kong and London, in a career spanning more than 19 years.

Maria is a speaker for the Women’s Forum for the Economy & Society, a leading platform dedicated to highlighting women’s voices and perspectives on global issues. She is a diversity ambassador for the Milken Institute, a co-chair and founder of State Street’s EMEA Diversity Council, and has presented at International Women’s Day.


Anthony Carey
Executive Vice President, Global Client Delivery & Business Transformation

Anthony Carey is an executive vice president and global head of client delivery and business transformation. He is also a member of the UK Oversight Committee and the regional Executive Management Committee. Tony plays a key role in the execution of the different components of our operating-model simplification, including process re-engineering, technology, footprint and real estate.

Following State Street’s acquisition of the Intesa San Paolo Securities Services business in Italy and Luxembourg in 2010, Anthony assumed responsibility for the successful integration of the business into State Street.

Before joining State Street in 2008, Anthony worked at Chase Manhattan Bank, helping to create their investment services business in Ireland following the local adoption of the European UCITS legislation. He held various roles during his tenure with Chase, and subsequently J.P. Morgan following their corporate merger, including Managing Director for Ireland and Chief Operating Officer for European fund administration.

Anthony has participated in various industry bodies and held the position of chairman of the Dublin Funds Industry Association, now known as the Irish Funds Industry Association. Anthony is a Board Member of Euroclear plc and Euroclear Bank  SA/NV. He is also a fellow of the Chartered Association of Certified Accountants (FCCA).


Kim Newell Chebator
Executive Vice President, Chief Administrative Officer, EMEA

Kim Newell Chebator is an executive vice president and the chief administrative officer (CAO) for EMEA. Kim is responsible for regional governance and control framework initiatives that provide strategic oversight across business units and legal entities. As part of her role she oversees data strategy and leads key components of State Street’s regulatory initiatives. Kim is a member of State Street’s EMEA Management Committee, the region’s most senior strategy and policy-making team. 

Kim is also the executive sponsor for State Street’s Brexit Working Group, which is responsible for ensuring a consistent and over-arching framework to effectively navigate Brexit for State Street and its clients.  

Kim joined State Street in 1994 as part of the Broker-Dealer business and was instrumental in building out our Transition Management business. Kim was also the Product Manager for our Portfolio Solutions Equity Trading and Broker-Dealer businesses. Before joining State Street, Kim was a specialist clerk on the floor of the Boston Stock Exchange.

Outside of her day-to-day role, Kim is a passionate ambassador for diversity and inclusion: she is an executive sponsor for State Street’s lesbian, gay, bisexual, transgender and queer (LGBTQ) Pride Network; is a member of Stonewall; sits on State Street’s Leading Women Executive Forum; helped establish State Street Global Market’s regular ‘Women’s Networking Events’. Kim has also spoken at multiple high-profile industry, media and trade body events to raise awareness of these topics, including Sibos and the Workplace Equality Index (WEI) – the WEI is the definitive benchmarking tool for employers to measure their progress on LGBTQ inclusion in the workplace. 

Kim holds a Bachelor of Arts degree from Tulane University and spent a year at Oxford University.


Rajen Shah
Executive Vice President

Rajen Shah is an executive vice president and head of State Street Global Markets (SSGM), EMEA. He is also a member of the European management committee for State Street. SSGM is the investment research, trading and securities lending house of State Street, which provides liquidity across 35 international markets.

Prior to this role, Rajen was the head of Global Services Onshore, EMEA and was also responsible for the Global Exchange, Investment Management Solutions and Performance Services businesses in the region.

Rajen joined State Street in July 2014 from Citi, where he was responsible for leading a portfolio of businesses including Collateral Management, Securities Finance, Foreign Exchange, Liquidity and Investments. He also held key leadership positions at J.P. Morgan Chase and at Accenture.

Rajen holds a BSc. Honours degree in Business and Computing and has completed executive studies at Harvard Business School.