Joseph L. Hooley has been a key figure at State Street Corporation, making his mark in finance since he joined the company in 1986. After climbing through the ranks, he became the CEO on March 1, 2010, and led the...
Joseph L. Hooley has been a key figure at State Street Corporation, making his mark in finance since he joined the company in 1986. After climbing through the ranks, he became the CEO on March 1, 2010, and led the company until his retirement in December 2018. During his time, he oversaw State Street’s major asset servicing activities globally. Under his guidance, State Street focused on aligning its executive pay with company performance, emphasizing metrics like revenue growth and return on equity. He was also known for his deep understanding of investment servicing, having led that aspect of the business since 2000. Notably, during his tenure, he received a total compensation package that peaked at $2.9 million in 2019, reflecting both his leadership and the company’s performance standards. Beyond the numbers, Hooley's leadership style and strategic decisions significantly shaped State Street’s direction, highlighting a commitment to shareholder value and sustainable growth in a challenging financial landscape.