State Street has appointed Donna Milrod as head of global clients division.
Milrod will lead a newly formed division, which is focused on delivering cross-enterprise solutions and insight to the company’s global and most complex clients.
Reporting to Andrew Erickson, head of State Street’s Global Services business, she will be responsible for strengthening clients’ interactions with State Street in order to make it more seamless to access expertise insights and solutions that enable their business and core strategic objectives.
In addition, Milrod joins the firm’s management committee.
Milrod has 25 years of experience in banking and financial services including positions at Deutsche Bank, where she served as deputy chief executive officer for its North America business.
Most recently, she served as senior adviser to both Broadridge and McKinsey & Company where she provided advice for navigating risk, optimising operating efficiencies and increasing revenue growth.
Her most recent executive role was with the Depository Trust and Clearing Corporation (DTCC) where she served on the management committee and was head of DTCC solutions.
Erickson commented: “Donna Milrod brings important skill sets to State Street with her deep business knowledge, relationship management skills, regulatory and operations background.”
“As an advocate for our clients, she will help simplify the way they experience State Street, working with them to bring solutions together in a cohesive way to help solve their challenges.”
Milrod added: “The industry is going through enormous change. I am excited to be joining State Street, who is uniquely positioned to help clients navigate through this change. I look forward to working together with our clients to enhance our relationships.”
