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State Street Appoints CIO

State Street Global Advisors, the investment management business of State Street Corporation has appointed Michael Ho to chief investment officer for its active emerging markets equities and global macro capabilities. Ho, who will be based in Boston, joins from Mellon Capital Management where he oversaw all investments as chief investment officer, responsible for approximately $220 billion in assets under management, spanning all investment disciplines.

PRESS RELEASE

State Street Global Advisors (SSgA), the investment management business of State Street Corporation (NYSE: STT), today appointed Michael Ho to chief investment officer for its Active Emerging Markets Equities and Global Macro capabilities.

Ho, who will be based in Boston, joins SSgA from Mellon Capital Management where he oversaw all investments as chief investment officer, responsible for approximately $220 billion in assets under management, spanning all investment disciplines including global tactical asset allocation, currency, quantitative equity, active and passive fixed income and index equity strategies. Earlier in his career, Ho was head of research for Global Tactical Asset Allocation and oversaw hedge funds at Mellon Capital where he generated a strong performance record.

Ho reports to Alistair Lowe, global chief investment officer for Active Equities. In this new role, Ho will manage the Active Emerging Markets team and lead the development of global macro strategies with the support of SSgA’s Advanced Research Center and other investment teams.

Commenting on Ho’s appointment, Lowe said, “The addition of an experienced investment professional like Michael underscores our commitment to having the highest quality investment talent at SSgA. Michael’s experience allows us to expand our capabilities in Active Emerging Markets and advance our efforts in building a strong Global Macro strategy. Our hedge fund affiliate SSARIS Advisors has delivered strong results in fund-of-funds, multi-strategy and single strategy funds and we are committed to growing these capabilities. By adding a global macro strategy we can further strengthen the solutions we deliver to our clients.”

Lowe continued, “Over the past several years, the active emerging markets team has delivered strong investment results for our clients. Michael’s extensive and well-rounded experience in managing portfolios, leading investment teams, working with client and consultant relationships and generating business development opportunities will no doubt help us to more aggressively advance this area of our business.”

Ho holds a doctorate in management science and engineering and Master of Science in engineering-economic systems from Stanford University.

About State Street Global Advisors

State Street Global Advisors (SSgA) is a global leader in asset management. The firm is relied on by sophisticated investors worldwide for its disciplined investment process, powerful global investment platform and access to every major asset class, capitalization range and style. SSgA is the asset management business of State Street Corporation, one of the world’s leading providers of financial services to institutional investors.

About State Street Corporation

State Street Corporation (NYSE: STT) is one of the world’s leading provider of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $21.5 trillion in assets under custody and administration and $1.9 trillion* in assets under management at September 30, 2011, State Street operates in 26 countries and more than 100 geographic markets. For more information, visit State Street’s web site at www.statestreet.com.

*This AUM includes the assets of the SPDR Gold Trust (approx. $64 billion as of September 30, 2011), for which State Street Global Markets, LLC, an affiliate of State Street Global Advisors serves as the marketing agent.