State Street Adds Julio Portalatin and John Rhea to Its Board of Directors

​State Street Corporation (NYSE: STT) has announced the election of Julio Portalatin and John Rhea to its Board of Directors, effective immediately.

Mr. Portalatin was previously president and chief executive officer of Mercer, an entity redefining the world of work, reshaping pension investment outcomes and unlocking health and wellbeing solutions. He also served as vice chairman at Marsh & McLennan Companies with responsibility for strategic client relationships, business development and leading efforts at the World Economic Forum.

Before joining Mercer in 2012, Mr. Portalatin spent nearly two decades at American International Group (AIG), including serving as president and chief executive officer of AIG Growth Economies. Mr. Portalatin is a former director of DXC Technology, an NYSE-listed information technology company and actively supports several nonprofit organizations. He currently serves on the board of directors of AARP and Covenant House International, as well as a member of the board of trustees of Hofstra University.

Mr. Rhea is currently a partner at Centerview Partners, a leading independent investment banking advisory firm. He is also the founder and managing partner at RHEAL Capital Management, a real estate development and investment firm. Prior to Centerview, Mr. Rhea was senior advisor and president of Corporate Finance and Capital Markets at Siebert Williams Shank.

Mr. Rhea was also previously a senior advisor to the Boston Consulting Group and chairman and chief executive officer for New York Housing Authority (NYCHA), the largest public housing authority in North America. Earlier in his career, he was a managing director at global financial services firms Barclays Capital and JPMorgan Chase & Co. Mr. Rhea currently serves on the board of directors of Invitation Homes, an NYSE-listed single family rental housing REIT, where he chairs the Compensation and Management Development Committee and is a member of the Nominating & Corporate Governance Committee.