State Street hires former CFTC official

BOSTON, April 27, 2011 — State Street Corporation (NYSE:STT), one of the world’s leading providers of financial services to institutional investors, today announced that Charles (Charley) Cooper has joined the company as senior managing director of State Street’s eExchange derivatives program. He is based in New York and reports to Clifford Lewis, executive vice president and head of State Street’s eExchange business, a division of State Street Global Markets. eExchange delivers advanced trading solutions for foreign exchange, futures, US treasuries and the subscription and redemption of money market funds and exchange traded funds.

Cooper, age 39, will lead eExchange’s efforts to respond to market changes stemming from the Dodd-Frank financial reform bill. He will work with clients to ensure the continued success of existing products and build new state-of-the-art trading and settlement offerings to comply with the evolving regulatory landscape. State Street’s growing derivative servicing suite now includes end-to-end OTC and exchange traded derivatives processing, collateral management, and independent valuations.

“We are excited to welcome Charley into our organization,” said Lewis. “His extensive experience in both the public and private sector make him a unique resource to help State Street and our clients navigate the market and regulatory changes ahead.”

Cooper most recently worked at Deutsche Bank AG in London, where he served as global head of Legal Operations in the risk management division, helping the company navigate the global financial crisis that began in 2007. Prior to joining Deutsche, Cooper spent more than two years as chief operating officer and chief of staff for the US Commodity Futures Trading Commission (CFTC), the federal regulator charged with overseeing the futures and options industries in the United States. In that capacity, he served as the Commission’s senior staff representative on the President’s Working Group on Financial markets. From January 2004 through August 2005, Cooper served as special assistant and chief spokesman to Deputy Secretary of Defense Paul Wolfowitz at the Pentagon.

Cooper earned both a bachelor’s degree (government) and a juris doctor degree from Georgetown University in Washington, DC. He is a native of New York City.

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