Why the road to stakeholder capitalism begins with diverse boards
Diverse boardrooms are key to upholding the values of stakeholder holder capitalism which aims to serve the interests of society and protect the planet.
Ron is chairman and chief executive officer of State Street Corporation.
Ron was previously president and chief operating officer of State Street Corporation, and before that, president and chief executive officer of State Street Global Advisors, the investment management arm of State Street Corporation. He joined State Street in 2015.
Prior to State Street, Ron was president of Asset Management & Corporate Services for Fidelity Investments, responsible for all Fidelity asset management organizations and Fidelity’s corporate functions and enterprise technology. He served at Fidelity from 2010 to 2014.
Before joining Fidelity, Ron served as president and chief executive officer of BNY Mellon Asset Management in Boston. During this time, he also served as vice chairman of Bank of New York Mellon Corporation. Additionally, Ron oversaw all of Bank of New York Mellon's activities in Asia. Prior to the 2007 merger of Bank of New York and Mellon, he was vice chairman of Mellon Financial Corporation and president and chief executive officer of Mellon Asset Management. He served at Mellon and Bank of New York Mellon from 1997 to 2010.
Prior to Mellon, Ron was with McKinsey & Company, Inc., from 1986 to 1997 and was elected a partner in 1992. He founded the Investment Management practice worldwide and was co-founder and co-leader of the firm's North American Personal Financial Services practice. Additionally, he was a member of the Worldwide Property & Casualty Insurance practice. During his tenure with McKinsey, Ron served in the firm’s Boston, New York, and Stockholm offices.
Ron is deeply involved in industry efforts around climate, corporate governance, and diversity and inclusion. He leads the Task Force for Asset Managers and Asset Owners as part of the Sustainable Markets Initiative, which is aimed at deploying institutional capital to accelerate the transition to a net zero world. He also has a leadership role at Focusing Capital on the Long Term (FCLT) and is a Guardian of the Council for Inclusive Capitalism.
Ron received his Bachelor of Arts degree in political science from Syracuse University in 1980 and his Master of Business Administration from Harvard Business School in 1986.
Ron serves on the boards of Unum Corp., Beth Israel Lahey Health, The Boston Foundation, The Ireland Funds, IYRS School of Technology and Trades, Syracuse University and WBUR. Ron’s philanthropic and civic interests include corporate governance, retirement/healthcare policy and funding, education, and climate. He has led several initiatives on gender equality. Ron is a frequent speaker and writer, and an avid offshore sailboat racer.