Joseph L Hooley is chairman and chief executive officer of State Street Corporation, one of the world's leading providers of financial services to institutional investors, with US$29 trillion in assets under custody and administration, and US$2 trillion in assets under management* as of December 31, 2016.
Since joining State Street in 1986, Jay 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.
Jay 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. Jay 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, and also oversaw the company’s securities operations and its corporate technology organization. He assumed his current role in 2010.
Jay is a board member of the Federal Reserve Bank of Boston and is also a member of the Financial Services Forum in Washington, DC. He is a director on the board of Boys & Girls Clubs of Boston, the President’s Council of the Massachusetts General Hospital, the Massachusetts Competitive Partnership (MACP) and a trustee of the board of Boston College.
*This AUM includes the assets of the SPDR® Gold Trust (approximately $31 billion as of December 31, 2016), for which State Street Global Markets, LLC, an affiliate of State Street Global Advisors, serves as the marketing agent.