Ronald O'Hanley
| Ronald O'Hanley | |
| Born | Ronald Philip O'Hanley |
|---|---|
| Nationality | American |
| Occupation | Business executive |
| Title | Chairman and Chief Executive Officer, State Street Corporation |
| Employer | State Street Corporation |
| Known for | Chairman and CEO of State Street Corporation |
Ronald P. O'Hanley is an American business executive who serves as the chairman and chief executive officer of State Street Corporation, one of the world's largest financial services and custodian banks. In this role, O'Hanley oversees a global financial institution with significant operations in asset management, asset servicing, and investment research. He also serves as a member of State Street Corporation's Board of Directors.[1] Throughout his career, O'Hanley has held senior leadership positions at several major financial institutions, building a track record in asset management and financial services. His tenure at State Street has been marked by strategic investments in technology, including artificial intelligence initiatives, as well as significant custody deals and public commentary on economic policy matters. In November 2024, he was recognized with a Lifetime Achievement award from Global Custodian magazine at its 2024 Industry Leaders event.[2]
Career
Early career and asset management
Prior to joining State Street Corporation, Ronald O'Hanley built an extensive career in the financial services industry, holding senior positions at several prominent institutions. His background in asset management provided the foundation for his eventual appointment to lead one of the world's largest financial services companies. O'Hanley served in leadership roles at BNY Mellon Investment Management (now known as BNY Investments), the investment management division of BNY, which operates as one of the largest asset managers in the world.[3] He also held a senior role at Fidelity Investments, where he gained further experience in the asset management sector.
State Street Corporation
O'Hanley became president and chief executive officer of State Street Corporation, a position from which he also serves on the company's Board of Directors.[1] He was subsequently named chairman, giving him the combined title of chairman and CEO of the firm.[4]
Under O'Hanley's leadership, State Street has pursued strategic initiatives aimed at expanding the company's global custody and asset servicing operations. In 2025, State Street completed a deal with Mizuho Financial Group in which it took on Mizuho's offshore custody and related businesses outside of Japan. O'Hanley discussed the strategic rationale for this acquisition publicly, noting the significance of expanding State Street's international custody operations.[4]
Technology and AI strategy
O'Hanley has directed State Street toward increased investment in technology, including artificial intelligence. In the fourth quarter of 2025, State Street increased its technology spending, and the company announced plans to launch several AI solutions in 2026. This strategy reflects an effort to modernize the firm's operations and client offerings through the integration of advanced technological tools across its business lines.[5]
During State Street Corporation's fourth quarter and full year 2025 earnings conference call, O'Hanley and other senior leaders presented the company's financial results and strategic outlook, including commentary on the technology investments and their expected impact on the firm's competitive positioning.[6]
Public policy commentary
O'Hanley has at times made public statements on economic and policy matters as they relate to the financial services industry and broader economic conditions. In November 2025, speaking in his capacity as head of one of the world's largest asset managers, O'Hanley characterized President Donald Trump's immigration policy as "anti-growth," expressing concerns about its potential economic implications.[7] This public commentary placed O'Hanley among a small group of financial industry leaders willing to publicly critique aspects of the administration's economic agenda.
O'Hanley's willingness to engage on political and social issues in his role as CEO has drawn both support and criticism. In June 2021, the National Center for Public Policy Research published a critical commentary regarding O'Hanley's involvement in corporate governance and social policy matters, arguing that he was placing personal political views ahead of the interests of investors and clients.[8]
Compensation
O'Hanley's compensation as CEO of State Street has been the subject of public reporting. In 2022, his total compensation reached $18 million, representing a 93 percent increase from his total pay in 2020. This near-doubling of compensation over a two-year period was reported in April 2023 by The Business Journals.[9]
Industry involvement
O'Hanley is a member of the Bank Policy Institute, a nonpartisan research and advocacy group representing the nation's largest banks. His profile with the organization identifies him as president and chief executive officer of State Street Corporation and a member of the company's Board of Directors.[1]
Recognition
In November 2024, Global Custodian magazine honored O'Hanley with its Lifetime Achievement award at the publication's 2024 Industry Leaders event, held in New York. The award recognized O'Hanley's career contributions to the custody and asset servicing industry.[2] The Lifetime Achievement award from Global Custodian is presented to individuals who have made sustained contributions to the global custody and securities services sector over the course of their careers.
O'Hanley's recognition by Global Custodian reflected his long tenure in financial services and his role in leading State Street through a period of technological transformation and strategic expansion, including the Mizuho custody deal and the company's investments in artificial intelligence and digital platforms.[2][4][5]
References
- ↑ 1.0 1.1 1.2 "Ronald O'Hanley".Bank Policy Institute.November 8, 2020.https://bpi.com/people/ronald-ohanley/.Retrieved 2026-02-24.
- ↑ 2.0 2.1 2.2 "Global Custodian honours State Street's Ronald O'Hanley with Lifetime Achievement award".Global Custodian.November 22, 2024.https://www.globalcustodian.com/global-custodian-honours-state-streets-ronald-ohanley-with-lifetime-achievement-award/.Retrieved 2026-02-24.
- ↑ "The Bank of New York Mellon".The Hedge Fund Journal.https://web.archive.org/web/20230919001002/https://thehedgefundjournal.com/the-bank-of-new-york-mellon/.Retrieved 2026-02-24.
- ↑ 4.0 4.1 4.2 "Watch What's Behind The Mizuho-State Street Deal?".Bloomberg.com.November 4, 2025.https://www.bloomberg.com/news/videos/2025-11-04/what-s-behind-the-mizuho-state-street-deal-video.Retrieved 2026-02-24.
- ↑ 5.0 5.1 "State Street dials in AI, tech strategies for 2026".FinAi News.January 2026.https://finainews.com/strategy/state-street-dials-in-ai-tech-strategies-for-2026/.Retrieved 2026-02-24.
- ↑ "STTpG - State Street Corp Pref Share Earnings Call Transcripts".Morningstar.2026.https://www.morningstar.com/stocks/xnys/sttpg/earnings-transcript.Retrieved 2026-02-24.
- ↑ "State Street CEO Labels Trump Immigration Policy 'Anti-Growth'".Bloomberg.com.November 3, 2025.https://www.bloomberg.com/news/articles/2025-11-04/state-street-ceo-labels-trump-immigration-policy-anti-growth.Retrieved 2026-02-24.
- ↑ "State Street CEO Puts Personal Politics Ahead Of Investors And Clients".The National Center for Public Policy Research.June 3, 2021.https://nationalcenter.org/ncppr/2021/06/03/state-street-ceo-puts-personal-politics-ahead-of-investors-and-clients/.Retrieved 2026-02-24.
- ↑ "State Street CEO's compensation has nearly doubled in two years".The Business Journals.April 12, 2023.https://www.bizjournals.com/boston/news/2023/04/12/state-street-ceos-total-pay.html.Retrieved 2026-02-24.