MARY RUTH MORAN JOINS STATE STREET RESEARCH TO LEAD OPERATIONS EFFORTS
BOSTON, MA, October 9, 2001-State Street Research & Management Company is
pleased to announce that Mary Ruth Moran joined the firm this week as
Executive Vice President, Head of Information Systems and Investment
Administration & Operations, and member of the firm's Management Committee.
Richard S. Davis, President and Chief Executive Officer of the Boston-based
financial services firm, made the announcement.
"Mary Ruth is an experienced leader with a demonstrated command of
technology, operations and marketing. She will be an invaluable contributor
to our efforts and we are pleased to welcome someone of this caliber to
State Street Research," stated Davis.
Most recently, Mary Ruth, 42, was President and Chief Executive Officer of
Precipio Partners, a management consulting firm she founded in 1998. Prior
to this, Mary Ruth was Senior Vice President and Group Director for
Strategic Interactive Group, where she led the implementation of American
Express's global internet strategy. For the previous 15 years, she held
product management, marketing and electronic development roles at Fidelity
Investments and Bank of New England Corporation. Mary Ruth is a graduate of
Harvard Business School and Wellesley College.
State Street Research & Management Company, with a money management history
dating back to 1924, is one of the nation's first investment management
organizations. The Boston-based firm is a subsidiary of MetLife, one of the
world's largest financial services companies. As of August 31, 2001, State
Street Research managed $48 billion in assets, of which over $30 billion
represented institutional clients and $18 billion represented mutual fund
and variable annuity portfolios. The firm manages money for 9 of the 15
largest U.S. corporate pension plans (as reported in the 2001 Money
Management Directory), union programs, public employee pension plans, mutual
funds for over 576,000 shareholder accounts, as well as individually managed
accounts for affluent investors. The firm's corporate Web site address is
www.ssrfunds.com.
