State Street adds former AXA COO Alexander Vollert to its board

State Street Corporation (NYSE: STT) has elected Alexander Vollert to its board of directors, the company announced in a press release.

Vollert most recently served as group chief operating officer of AXA and chief executive officer of AXA Group Operations, where he oversaw approximately 10,000 employees across 18 countries, with responsibility covering data and AI, IT strategy, operations, procurement, and security. He previously served as chief executive officer of AXA Germany and held senior roles at Allianz, including chief executive officer of its German property and casualty business.

He began his career at McKinsey & Company, advising financial services clients on strategy and transformation. Vollert holds a PhD and a master's degree from the University of Karlsruhe in Germany. He also serves as an independent director on the board of Guidewire and on the management board of QuantCo.

At State Street, Vollert will serve on the board's Technology and Operations Committee and Risk Committee.

"Alexander has spent much of his career at the intersection of technology, operations and financial services," said Ronald P. O'Hanley, chairman and chief executive officer of State Street. "That experience will be particularly valuable as we continue to transform how State Street operates and scale the use of AI and technology across our business."

Sara Mathew, independent lead director of State Street, added that Vollert's "expertise in technology, AI and transformation, together with his international perspective, will further strengthen the range of experience represented on our Board."

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