State Street Appoints to Guernsey Team

State Street Corporation, a provider of financial services to institutional investors, has appointed Paul McLaughlin to head of operations for State Street’s Alternative Investment Solutions team in Guernsey. McLaughlin has more than 15 years of experience in the alternative investment industry and joins State Street to help further build its alternative investment servicing business in Europe, Middle East and Africa (EMEA) with a particular focus on the private equity and real estate funds sectors.

PRESS RELEASE

State Street Corporation (NYSE:STT), one of the world’s leading providers of financial services to institutional investors, today announced the appointment of Paul McLaughlin to head of operations for State Street’s Alternative Investment Solutions team in Guernsey.

McLaughlin, who has more than 15 years of experience in the alternative investment industry, joins State Street to help further build its alternative investment servicing business in Europe, Middle East and Africa (EMEA) with a particular focus on the private equity and real estate funds sectors.

McLaughlin joins from BNY Mellon in Dublin where he worked for 11 years, most recently as head of alternative investment servicing fund of funds and private equity for EMEA. He also gained experience with the BNY Mellon hedge fund business spending time in its North America and Bermuda offices.

Phil McGowan, senior managing director of State Street’s private equity, real estate and corporate services business in Europe, the Middle East and Africa commented, “Paul has vast experience in the alternative investment market globally and this knowledge will play a pivotal role in further ensuring that State Street in Guernsey continues to contribute to business growth across Europe. This senior appointment also cements State Street’s commitment to the Channel Islands as the hub of our private equity and real estate investment servicing business in EMEA.”

McLaughlin added, “Guernsey has a vibrant and sophisticated funds industry and I am delighted to have the opportunity to join State Street and help to grow its offering at such an interesting time for the industry. With the increasing trend to outsource fund administration, I see many opportunities for the Channel Islands with its unique position outside the European Union.”

About State Street in Guernsey

State Street in Guernsey, established in 2000, is a leading offshore provider of financial services to institutional investors including fund administration, shareholder record-keeping, accounting, investment performance and analytics and global custody.

About State Street Corporation

State Street Corporation (NYSE: STT) is one of the world’s leading providers of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $22 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.