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Laxman Pai, Opalesque Asia: American financial services and bank holding company State Street Corporation has appointed Amelia Fawcett as independent lead director after its annual governance structure review.
Fawcett most recently served on the Board's Executive Compensation, Risk and Technology and Operations Committees and is a former Chair of the Risk Committee.
As Lead Director, she will represent the Board in discussions with shareholders and regulators and preside over meetings of the independent directors.
"Amelia has brought rich experience and thoughtful insights across our Board's discussions of corporate strategy, operations, risk management and governance. I am pleased that State Street and its shareholders will further benefit from her leadership and active engagement, as she assumes the vital role of Lead Director," said Kennett (Ken) Burnes, whom Fawcett succeeds in the role.
"The independent Lead Director is an important role in State Street's governance," said Amelia Fawcett. "I am eager to work with the Board and management in this expanded capacity to help State Street implement its vision to be the leading asset servicer, asset manager and data insight provider to the owners and managers of the world's capital."
Fawcett, who was born and has lived in Boston and is a dual citizen of the United States and the United Kingdom, has extensive and diverse global financial services experience.
She is Chairman of Kinnevik AB, a Swedish...................... To view our full article Click here
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