What Happened?
Boston, MA-based State Street Corporation has promoted Michael J. Scannell to Senior Vice President of Global Human Resources and Corporate Citizenship.
About the Company
State Street, a world leader in financial services, provides a full range of products and services for large pools of investment assets. Our clients include mutual fund companies and other investment managers, corporations, public pension funds, unions, non-profit organizations, and families and individuals. They look to State Street for custody and management of their assets; accounting, daily pricing, and administration of their funds; the information and analytical tools that help them make investment decisions; and the foreign exchange, cash management, credit, and electronic trading services that help them negotiate complex, global financial markets efficiently and effectively.
About the Person
Mike Scannell is a senior vice president, chairman and president of the State Street Foundation, and head of Corporate Citizenship, Talent Acquisition and our Global Inclusion initiative. He is responsible for State Street’s philanthropic and community support programs globally. His Talent Acquisition focus is on identifying, attracting and hiring highly talented and diverse individuals. As the head of State Street’s Global Inclusion initiative, Mr. Scannell is responsible for the company’s diversity and employee engagement efforts as well as the flexible work program. Throughout his 20 years in Global Human Resources, he has held several HR management positions. Prior duties included chief human resources business partner for State Street’s largest business areas: Investor Services North America and North America Sales. Mr. Scannell has also been responsible for the management of several major business acquisitions and divestitures – including human resources integration manager for the acquisition of Investors Financial Corporation and responsibility for all HR aspects for both the US integration of the Deutsche Bank Global Securities Services acquisition and the sale of State Street’s Corporate Trust business. He joined State Street in 1987 and held several positions in the US Mutual Fund Operations area, servicing large client relationships prior to transitioning to Global Human Resources. Mr. Scannell serves on the board of directors of Ellis Memorial and is also a member of ALPFA Boston’s Corporate Advisory Board. Additionally, he is a mentor with the Year Up organization and participates in Boston Partners in Education’s Big Cheese Reads program. Mr. Scannell has previously served on The Partnership’s Executive Council, Boston Business Journal Leaders in Diversity Steering Committee and the Rosoff Awards Committee. He holds a Bachelor of Arts degree from Stonehill College and certification from Northeastern University in human resources management.
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