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$25.4 trillion in assets under custody and administration, and US$2.2 trillion in assets under management* as of March 31, 2013.
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 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. 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 chief executive officers of 20 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.
*This AUM includes the assets of the SPDR Gold Trust (approx. $62.7 billion as of March 31, 2013), for which State Street Global Markets, LLC, an affiliate of State Street Global Advisors, serves as the marketing agent.