State Street's Hannah Grove and Morgana Bailey Recognized by OUTstanding Professional Network and Financial Times as Leading LGBT Ally and Future Leader

BOSTON--(BUSINESS WIRE)--

In recognition of their support and leadership in the LGBT community, State Street Corporation STT Executive Vice President and Chief Marketing Officer Hannah Grove has been named to the OUTstanding LGBT Leading Ally Executives list, and Morgana Bailey, Vice President in Global Human Resources, has been named to the LGBT Future Leaders list released today by OUTstanding in collaboration with the Financial Times. The lists recognize business leaders who are outspoken and unwavering in their support for LGBT people in the workplace and professionals who go above and beyond their day jobs to improve the working environment for LGBT employees.

Grove has championed State Street's diversity and inclusion policies since she first joined the company in 1998. Today, she serves as executive sponsor for State Street Pride and Friends, the company's LGBT employee network. State Street has long been a leader in workplace diversity, maintaining partnerships with Gay & Lesbian Advocates & Defenders (GLAD) and Stonewall LGBT rights charity in the United Kingdom.

"I'm honored to be recognized as an ally for the work we do here at State Street and hope that our ranks will continue to grow," Grove said. "Encouraging and embracing diversity delivers better results, a more engaged workforce where people feel comfortable in bringing their true selves to the office and a more dynamic culture. I'm also thrilled to be recognized alongside Morgana, who is one of the bravest individuals I know."

Last year, Morgana Bailey revealed a part of herself that she had kept hidden for more than 16 years to an audience of her colleagues during a TED@StateStreet talk. She reflected on how fear of what others might think can makes us judge ourselves with the hope that sharing her experience could inspire others to be open about who they are personally and professionally. Click here to view Morgana's talk, "The Danger of Hiding Who You Are," which has had more than two million views globally.

OUTstanding, a not-for-profit professional network for LGBT executives and their allies first published the Leading LGBT & Ally Executives List in 2013. The list has since expanded and includes past honorees like Virgin Group Founder and CEO Richard Branson, Barclaycard CEO Valerie Sorrano Keating, and Facebook Founder and CEO Mark Zuckerburg.

"We are delighted to see Hannah featured in this year's OUTstanding & Financial Times Top Ally list," said OUTstanding CEO and Founder Suki Sandhu. "She is a role model who works tirelessly to ensure that the workplace is equally inclusive for everyone. Hannah deserves credit for the leadership she shows in welcoming people of all backgrounds, sexual orientations and gender identities."

About State Street Corporation
State Street Corporation STT is one of the world's leading providers of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $28.7 trillion in assets under custody and administration and $2.4 trillion* in assets under management as of June 30, 2015, State Street operates in more than 100 geographic markets worldwide, including the US, Canada, Europe, the Middle East and Asia. For more information, visit State Street's web site at www.statestreet.com.

* This AUM includes assets (approximately $26.7 billion as of June 30, 2015), for which State Street Global Markets, LLC, an affiliate of SSgA, serves as the distribution agent.

About OUTstanding Professional Network
OUTstanding is an executive level network for LGBT business people and straight allies, providing them with truly peer‐to-peer professional and social connections. It was founded by Suki Sandhu in June 2013 and exists to drive change in the business world by broadening the boardroom diversity debate beyond gender or race to include LGBT issues. Corporate members include BP, Barclays, EY and Google, American Express and BAE Systems. http://www.out-standing.org/

CORP-1637

View source version on businesswire.com: http://www.businesswire.com/news/home/20151020006228/en/