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State Street Strengthens FX Platforms with Appointments of New Global Heads for Currenex and FX Connect

State Street Corporation (NYSE: STT) today announced that James Reilly has joined State Street as global head of Currenex, a market-leading technology provider offering the FX community high-performance technology and access to deep pools of liquidity for anonymous and disclosed trade execution. Reilly will focus on expanding the business and creating new partnerships. Additionally, Stephen Dispenza has been promoted to global head of sales for Currenex, reporting to Reilly. Dispenza previously served as North American head of sales for the platform.

Reilly joins State Street from Cantor Fitzgerald, where he was most recently global head of Foreign Exchange Sales and Trading. He reports to David Newns, who assumes a newly-created role as global head of GlobalLink Execution Services.

State Street also announced that Beverley Doherty has been appointed global head of FX Connect, a market-leading FX execution venue that helps firms efficiently manage multiple portfolios, connect with brokers and streamline global operations. Doherty was most recently the chief operating officer and North American head for GlobalLink, State Street’s suite of e-trading platforms, technology, data and workflow solutions. Prior to that she held various roles in Currenex including Business Development and corporate sales. Doherty will also report to Newns.

“I’m very pleased to welcome James to our team as well as announce the promotions of David, Stephen and Beverley,” said Martine Bond, head of GlobalLink. “David’s expanded role will allow him to focus on leveraging technology across platforms and creating synergies in GlobalLink’s core execution and trading platforms, and will help us better meet our clients challenges in the FX industry. I’m also excited to have James on board as his reputation as a leader and innovator gives me great confidence in his ability to bring our business to the next level.”

FX Connect and Currenex were recently honored with three awards from Profit & Loss including ‘Best Platform for Hedge Funds’ and ‘Best FX Multi-dealer Platform’ for Currenex and ‘Best Platform for Asset Manager's’ for FX Connect. FX Connect was also ranked two in multibank and independent platform market share by Euromoney Magazine, up 6.5 percentage points from 2016.

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 $31.0 trillion in assets under custody and administration and $2.60 trillion* in assets under management as of June 30, 2017, State Street operates in more than 100 geographic markets worldwide, including the US, Canada, Europe, the Middle East and Asia. For more information, visit State Street’s website at www.statestreet.com.

* AUM reflects approx. $34 billion (as of June 30, 2017) with respect to which State Street Global Markets, LLC (SSGM) serves as marketing agent; SSGM and State Street Global Advisors are affiliated.

State Street Corporation One Lincoln Street, Boston, MA 02111-2900.

© 2017 State Street Corporation - All Rights Reserved

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