State Street Corporation, the provider of financial services to institutional investors, has elected Robert Kaplan and Patrick de Saint-Aignan to its board of directors. Robert Kaplan is professor of management practice at Harvard Business School and former vice chairman of The Goldman Sachs Group with oversight for the investment banking and investment management divisions. Patrick de Saint-Aignan, a dual citizen of France and the United States, is a 30-year veteran of Morgan Stanley who held several positions as a managing director, including head of the firm’s global risk management function. Effective immediately, the addition of these two members brings the company’s total number of directors to 14.
“We are pleased to welcome Robert Kaplan and Patrick de Saint-Aignan to our board,” says Ronald E. Logue, chairman and chief executive officer of State Street Corporation. “Their global experience and leadership in financial services including senior roles in investment management, risk management and capital markets will provide valuable perspective as we continue to strengthen our presence in key markets around the world. With the addition of these new directors, our board continues to reflect a diverse range of global experiences and market knowledge.”
Prior to joining Harvard in September 2005, Kaplan, age 50, served as vice chairman of The Goldman Sachs Group with responsibility for investment banking and investment management divisions. During his tenure with Goldman Sachs, Kaplan served in a number of roles, including global co-head of the investment banking division, head of the corporate finance department and head of Asia-Pacific investment banking. He was also a member of the firm’s management committee, served as co-chairman of the firm’s partnership committee and chairman of the Goldman Sachs Pine Street Leadership Program. Kaplan is co-chairman of the board of Project A.L.S., co-chairman of the board of the TEAK Fellowship, and is also a member of the boards of the Harvard Medical School, Harvard Management Company, and the Ford Foundation. Kaplan received an MBA from Harvard and a bachelor of science from the University of Kansas.
Patrick de Saint-Aignan, age 60, retired in 2007 from Morgan Stanley having held multiple positions in corporate finance, capital markets and firm management during his 30-year tenure. At Morgan Stanley, he headed successively the firm’s global fixed-income derivatives business, its debt capital markets activities, its office in Paris and the firm-wide risk management function. He was a founder, director and chairman of the International Swaps and Derivatives Association; censeur on the Supervisory Board of IXIS Corporate and Investment Bank; and Independent Director of the Bank of China Limited, where he served as chairman of the audit committee and a member of the risk policy committee and the personnel and remuneration committee. De Saint-Aignan was honored with Risk Magazine’s Lifetime Achievement Award in 2004. He is a member of the board of directors of Allied World Assurance Company, where he is chairman of the compensation committee and a member of the audit committee and enterprise risk committee. De Saint-Aignan received an MBA from Harvard University and his BBA from the Ecole des Hautes Etudes Commerciales.
D.C.