State Street Appoints Samuel Cole to Deputy Head of E-Exchange

State Street Corporation (NYSE:STT), one of the world’s leading providers of financial services to institutional investors, today announced that Samuel (Sam) Cole will join the company next month as executive vice president and deputy head of State Street’s e-Exchange business, a division of State Street Global Markets which provides advanced trading solutions for a variety of markets including foreign exchange, swaps, US treasuries and exchange-traded derivatives, among others. The e-Exchange suite of electronic trading solutions is one of the leading providers in the areas of performance, innovation and flexibility. Specific products include Currenex, GovEx and the GlobalLink suite of FXConnect and FundConnect.

Cole, 40, will be responsible for product, technology and operational activities across the e-Exchange portfolio. He will be based in New York and will also be responsible for the coordination of all State Street Global Markets activities locally. Cole will report to Clifford Lewis, executive vice president and head of State Street’s e-Exchange business, and will join the State Street Global Markets Executive Management Group.

"We are very pleased to welcome Sam to the e-Exchange team,” said Lewis. "A recognized leader, Sam will be a key part of State Street’s strategy for helping buy-side clients maximize opportunities presented by market structure and regulatory changes.”

Cole joined State Street from BlueMountain Solutions, Inc., a risk and analytics service provider, where he served as president. He also served as the chief operating officer, co-head of trading, and a managing principal at the parent company, BlueMountain, a $4 billion alternative asset manager focused on the broader credit and derivatives markets. In this role, he built and led BlueMountain’s Operations, Valuation, Capital Management, Financing, and Risk Management functions, as well as managed its Trading team. Prior to joining BlueMountain, Cole was a senior consultant for McKinsey & Co. and has also worked as a private equity and defense analyst.

Cole earned an MBA from MIT’s Sloan School of Management, a Master of Arts from the Fletcher School of Law and Diplomacy at Tufts University, and a Bachelor of Arts with Honors in Government from Harvard University.

About State Street

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 $19 trillion in assets under custody and administration and $1.8 trillion in assets under management at June 30, 2010, State Street operates in 25 countries and more than 100 geographic markets worldwide. For more information, visit State Street at www.statestreet.com.