State Street Names Ann Fogarty as Enterprise Chief Operating Officer

Executive Summary

On September 14, 2026, State Street Corporation (NYSE: STT) filed a Form 8-K under Item 5.02 announcing key executive management appointments effective immediately:

1. Ann Fogarty has been appointed Enterprise Chief Operating Officer, succeeding Mostapha Tahiri.
2. Mostapha Tahiri transitions from Enterprise COO to become President of State Street Alpha, while retaining his role as Chairman of Asia Pacific.

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Leadership & Background Overview

• Ann Fogarty (Age 60):
  • Prior State Street Roles: Executive Vice President and Chief Operating Officer of Investment Services (July 2025 – Present); EVP & Head of Global Delivery (March 2022 – July 2025); EVP & Deputy Head of Global Delivery (joined March 2021).
  • Prior External Experience: Held senior leadership positions at BNY Mellon, including Global Head of Operations (2018–2021) and Global Head of Fund Accounting and Administration (2015–2018), as well as earlier roles with AIB Capital Markets.

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Compensatory Arrangements

• In connection with her appointment as Enterprise COO, Ms. Fogarty's target incentive compensation award has been set at $5,650,000.

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Market & Governance Implications

• Operational Continuity: The promotion of internal veteran Ann Fogarty ensures operational stability across core business units.
• Strategic Focus: Realigning Mostapha Tahiri to oversee State Street Alpha reinforces the company's commitment to scaling its front-to-back investment servicing platform.