Latest news with #O'Hanley
Business Wire
09-05-2025
- Business
- Business Wire
State Street Corporation 2025 Annual Meeting of Shareholders
BOSTON--(BUSINESS WIRE)--As previously announced, State Street Corporation (NYSE:STT) will hold the 2025 Annual Meeting of Shareholders on Wednesday, May 14, 2025 at 9:00 a.m. ET. The Annual Meeting of Shareholders will be conducted online via live audio webcast at State Street's Chairman and Chief Executive Officer, Ronald P. O'Hanley, will provide brief remarks and respond to shareholder submitted questions. Shareholders of record as of March 14, 2025 can participate by logging into the webcast and entering the 16-digit control number provided with the notice of internet availability of the proxy materials, proxy voting card or voting instruction form previously distributed. The Notice of Annual Meeting and Proxy Statement was made available on April 3, 2025. Others without a control number can listen to the audio only webcast by visiting and signing in as a guest. A webcast playback will be available for thirty days at: within approximately twenty-four hours after the completion of the annual meeting. This webcast may include forward-looking statements and other material information. About State Street Corporation State Street Corporation (NYSE: 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 $46.7 trillion in assets under custody and/or administration and $4.7 trillion* in assets under management as of March 31, 2025, State Street operates globally in more than 100 geographic markets and employs approximately 53,000 worldwide. For more information, visit State Street's website at *Assets under management as of March 31, 2025 includes approximately $106 billion of assets with respect to SPDR® products for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) acts solely as the marketing agent. SSGA FD and State Street Global Advisors are affiliated.
Yahoo
08-05-2025
- Business
- Yahoo
We went to Milken, where the rich were worrying in public — and partying in private
The annual Milken Global Conference brings bigwig CEOs, billionaires, and talking heads to LA. At a ritzy hotel in Beverly Hills, execs speaking on panels stressed how much uncertainty there is. In private chats and at late-night parties, though, big money elites showed no sign of slowing down. If you closed your eyes and only listened to the panels at this year's Milken Global Conference, you'd think the country was on the verge of a recession. One of the most common words spoken by executives and investors was "uncertainty." Treasury Secretary Scott Bessent's speech — not talks with Peyton Manning or Tony Blair or Henry Kravis — was the hottest ticket in town, with attendees lining up an hour out for his opening remarks. Pessimism about the US was so high that professional investors are looking to put money to work in Europe, long ignored by American firms because of the continent's slow growth relative to US companies. "The brand is definitely tarnished now," State Street CEO Ron O'Hanley said, echoing comments made by Citadel's founder, Ken Griffin, and Apollo CEO Marc Rowan. "The real question is whether this is permanent," O'Hanley, whose firm manages $4.7 trillion, said on a panel about the macro environment. The "animal spirits" energy radiating off the investor class and C-suites in Davos was nowhere to be found on the Milken stages in Beverly Hills, California, thanks to President Donald Trump's tariff policies, which have upended global equity and bond markets. "The mood was unbelievably optimistic" in Switzerland, Katie Koch, the CEO of the $195 billion credit investment manager TCW, said while sitting next to O'Hanley onstage, but it's "the opposite now." The Beverly Hilton was packed with upward of 5,000 attendees this year, the conference's biggest showing since 2019, despite ticket prices starting at $25,000 apiece. Lines snaked around the lobby for top speakers like Jessica Alba — even the tennis star Novak Djokovic was seen waiting to get in. Attendees competed not only for seats but also for invitations to the most coveted after-parties, held at the members-only Bird Streets Club and restaurants such as Funke, Cipriani, and AOC. One of the hardest invitations to get was a dinner with Bessent on Sunday night. Walking around the ritzy Beverly Hills hotel and speaking with attendees in the conference's wellness garden (featuring "puppy playtime" and "nervous system reset" chairs) or at the numerous after-parties hosted by banks and private equity giants, we found the mood was much more positive. "This isn't the type of food you'd see at a reception during a recession," one partygoer said Monday evening as a platter of tuna tartare passed by. The person, who has been investing in private markets for decades, said he wasn't worried about the economy until after-parties put a limit on the number of drinks each person could get from the bar. People were encouraged by Bessent's comments tying the tariffs to deregulation and tax cuts. While many asset managers are not deploying capital, they're still fundraising, and meetings with representatives from Middle East sovereign wealth funds were some of the toughest to get. Once he was done speaking on a panel Monday afternoon, Saudi Arabia's minister of investment, Khalid Al-Falih, was swarmed by attendees. There's also still plenty of optimism around tech and the promise of artificial intelligence, with self-driving Waymo cars dropping off many attendees and a fridge-sized box in the lobby allowing passersby the chance to speak with a hologram of the conference's host, Michael Milken, in several languages. Elon Musk, who was a popular headliner last year, chose to stay behind closed doors this year, giving an interview to Milken in front of an invite-only crowd Sunday, someone who attended said. Milken also interviewed Nvidia CEO Jensen Huang on Tuesday in front of a packed audience. At a party held Sunday at the billionaire Nicolas Berggruen's Beverly Hills mansion to celebrate the fifth anniversary of his tech philosophy magazine, Noema, interpretive dancers performed by the pool before the journalist Kara Swisher hosted a debate on whether AI makes us more human. Perhaps one of the best metaphors for the mixed signals at the elite gathering is the bougie boxed lunches given out each day to the thousands of attendees: a seemingly austere offering that contained more luxurious options inside, such as salmon with tabbouleh and chocolate mousse. The US, it seems, is still a hard habit for many investors to kick. In the same breath that deep-pocketed panelists would criticize trade policies or talk up international opportunities, they'd mention the overwhelming size of the country's capital markets or innovative culture. Johnson & Johnson CEO Joaquin Duato, a dual citizen of the US and Spain, paraphrased a Winston Churchill quote to describe businesses' thinking on the future of the world's largest economy: "Americans always do the right thing, after trying everything else." Read the original article on Business Insider
Business Insider
08-05-2025
- Business
- Business Insider
We went to Milken, where the rich were worrying in public — and partying in private
If you closed your eyes and only listened to the panels at this year's Milken Global Conference, you'd think the country was on the verge of a recession. One of the most common words spoken by executives and investors was "uncertainty." Treasury Secretary Scott Bessent's speech — not talks with Peyton Manning or Tony Blair or Henry Kravis — was the hottest ticket in town, with attendees lining up an hour out for his opening remarks. Pessimism about the US was so high that professional investors are looking to put money to work in Europe, long ignored by American firms because of the continent's slow growth relative to US companies. "The brand is definitely tarnished now," State Street CEO Ron O'Hanley said, echoing comments made by Citadel's founder, Ken Griffin, and Apollo CEO Marc Rowan. "The real question is whether this is permanent," O'Hanley, whose firm manages $4.7 trillion, said on a panel about the macro environment. The " animal spirits" energy radiating off the investor class and C-suites in Davos was nowhere to be found on the Milken stages in Beverly Hills, California, thanks to President Donald Trump's tariff policies, which have upended global equity and bond markets. "The mood was unbelievably optimistic" in Switzerland, Katie Koch, the CEO of the $195 billion credit investment manager TCW, said while sitting next to O'Hanley onstage, but it's "the opposite now." The gloom onstage didn't affect the mood The Beverly Hilton was packed with upward of 5,000 attendees this year, the conference's biggest showing since 2019, despite ticket prices starting at $25,000 apiece. Lines snaked around the lobby for top speakers like Jessica Alba — even the tennis star Novak Djokovic was seen waiting to get in. Attendees competed not only for seats but also for invitations to the most coveted after-parties, held at the members-only Bird Streets Club and restaurants such as Funke, Cipriani, and AOC. One of the hardest invitations to get was a dinner with Bessent on Sunday night. Walking around the ritzy Beverly Hills hotel and speaking with attendees in the conference's wellness garden (featuring "puppy playtime" and "nervous system reset" chairs) or at the numerous after-parties hosted by banks and private equity giants, we found the mood was much more positive. "This isn't the type of food you'd see at a reception during a recession," one partygoer said Monday evening as a platter of tuna tartare passed by. The person, who has been investing in private markets for decades, said he wasn't worried about the economy until after-parties put a limit on the number of drinks each person could get from the bar. People were encouraged by Bessent's comments tying the tariffs to deregulation and tax cuts. While many asset managers are not deploying capital, they're still fundraising, and meetings with representatives from Middle East sovereign wealth funds were some of the toughest to get. Once he was done speaking on a panel Monday afternoon, Saudi Arabia's minister of investment, Khalid Al-Falih, was swarmed by attendees. There's also still plenty of optimism around tech and the promise of artificial intelligence, with self-driving Waymo cars dropping off many attendees and a fridge-sized box in the lobby allowing passersby the chance to speak with a hologram of the conference's host, Michael Milken, in several languages. Elon Musk, who was a popular headliner last year, chose to stay behind closed doors this year, giving an interview to Milken in front of an invite-only crowd Sunday, someone who attended said. Milken also interviewed Nvidia CEO Jensen Huang on Tuesday in front of a packed audience. At a party held Sunday at the billionaire Nicolas Berggruen's Beverly Hills mansion to celebrate the fifth anniversary of his tech philosophy magazine, Noema, interpretive dancers performed by the pool before the journalist Kara Swisher hosted a debate on whether AI makes us more human. Perhaps one of the best metaphors for the mixed signals at the elite gathering is the bougie boxed lunches given out each day to the thousands of attendees: a seemingly austere offering that contained more luxurious options inside, such as salmon with tabbouleh and chocolate mousse. The US, it seems, is still a hard habit for many investors to kick. In the same breath that deep-pocketed panelists would criticize trade policies or talk up international opportunities, they'd mention the overwhelming size of the country's capital markets or innovative culture. Johnson & Johnson CEO Joaquin Duato, a dual citizen of the US and Spain, paraphrased a Winston Churchill quote to describe businesses' thinking on the future of the world's largest economy: "Americans always do the right thing, after trying everything else."
Business Insider
08-05-2025
- Business
- Business Insider
We went to Milken, where the panels were packed with cautious warnings, but the parties were extravagant
If you closed your eyes and only listened to the panels at this year's Milken Global Conference, you'd think the country was on the verge of a recession. One of the most common words spoken by executives and investors was "uncertainty." Treasury Secretary Scott Bessant's speech — not Peyton Manning or Tony Blair or Henry Kravis — was the hottest ticket in town, with attendees lining up an hour out for his opening remarks. Pessimism about the US was so high that professional investors are actually looking to put money to work in Europe, long ignored by American firms due to the continent's slow growth relative to US companies. "The brand is definitely tarnished now," said State Street CEO Ron O'Hanley, echoing comments made by Citadel founder Ken Griffin and Apollo CEO Marc Rowan. "The real question is whether this is permanent," said O'Hanley, whose firm manages $4.7 trillion, on a panel about the macro environment. The " animal spirits" energy radiating off the investor class and C-suites in Davos was nowhere to be found on the Milken stages in Beverly Hills, thanks to President Donald Trump's tariff policies, which have upended global equity and bond markets. "The mood was unbelievably optimistic" in Switzerland, said Katie Koch, the CEO of $195 billion credit investment manager TCW, while sitting next to O'Hanley onstage, but it's "the opposite now." The gloom onstage didn't impact the mood The Beverly Hilton was packed with upward of 5,000 attendees this year, the conference's biggest showing since 2019, despite ticket prices starting at $25,000 a piece. Lines snaked around the lobby to see other top speakers like Jessica Alba — even tennis star Novak Djokovic was seen waiting to get in. Attendees competed not only for seats, but who could land invitations to the most coveted after parties, held at members-only Bird Streets Club, or restaurants like Funke, Cipriani, and AOC. One of the hardest invitations to get was a dinner with Bessent Sunday night. Walking around the ritzy Beverly Hills hotel, speaking with attendees in the conference's wellness garden (featuring puppy playtime and "nervous system reset" chairs) or at the numerous after-parties hosted by banks and private equity giants, the mood was much more positive. "This isn't the type of food you'd see at a reception during a recession," one partygoer said Monday evening, as a platter of tuna tartare passed by. The individual, who has been investing in private markets for decades, said he isn't worried about the economy until after parties put a limit on the number of drinks each person can get from the bar. People were encouraged by Treasury Secretary Scott Bessent's comments tying the tariffs to deregulation and tax cuts. While many asset managers are not deploying capital, they're still fundraising, and meetings with representatives from Middle East sovereign wealth funds were some of the toughest to get. Once he was done speaking on panel, Saudi's minister of investment Khalid Al-Falih was swarmed by attendees Monday afternoon. There is also still plenty of optimism around tech and the promise of AI, with self-driving Waymo cars dropping off many attendees and a fridge-sized box in the lobby allowing passersby the chance to speak with a hologram of conference host Michael Milken in several languages. Elon Musk, who was a popular headliner last year, chose to stay behind closed doors this year, giving an interview to Milken in front of an invite-only crowd Sunday, according to someone who attended. Milken also interviewed Nvidia CEO Jensen Huang Tuesday in front of a packed audience. At a party held Sunday at billionaire Nicolas Berggruen's Beverly Hills mansion to celebrate the fifth anniversary of his tech philosophy magazine, Noema, interpretive dancers performed by the pool before journalist Kara Swisher hosted a debate on whether AI makes us more human. Perhaps one of the best metaphors for the mixed signals at the elite gathering might be the bougie boxed lunches given out each day to the thousands of attendees: An ostensibly austere offering that contained more luxurious options inside, such as salmon with tabbouleh and chocolate mousse. The US, it seems, is still a hard habit for many investors to kick. In the same breath that deep-pocketed panelists would criticize trade policies or talk up international opportunities, they'd mention the overwhelming size of the country's capital markets or innovative culture. Johnson & Johnson CEO Joaquin Duato, a dual citizen of the US and Spain, paraphrased a Winston Churchill quote to describe businesses' thinking on the future of the world's largest economy: "Americans always do the right thing, after trying everything else."
CBC
11-02-2025
- Health
- CBC
Nearly a third of 211 callers in P.E.I. last year asked for help related to cost of living
Nearly 30 per cent of the calls received by the 211 service on Prince Edward Island in 2024 were related to the cost of living, the organization says. 211 P.E.I. is a navigation service associated with the United Way that links people with community resources, government support and non-profit programs. The service is offered in other jurisdictions across Canada and the United States as well. When someone on P.E.I. hits the numbers 2-1-1 on a phone, they reach a community resource navigator who will help find the services they are looking for. "Our navigators work really hard with people to make sure they're getting the right information to direct them to the right place," said Ghislaine O'Hanley, the 211 educator with 211 P.E.I. She said concerns about dealing with the high cost of living accounted for 29.3 of their calls last year. Other top requests involved finding mental health and addiction supports and access to primary health care. O'Hanley said people can sometimes feel frustrated because there are so many services available but it's hard to decipher which ones apply to their particular situation. "At 211, we like to say, 'We're the right door the first time,'" she said. Navigators trained to 'walk the walk' with callers Paula Rent, the co-ordinator of service quality and training for 211 on P.E.I. and Nova Scotia, said one local community navigator in Prince Edward Island receives the vast majority of calls from Islanders. Nova Scotia navigators will also get P.E.I. calls, though. During five weeks of training, she said, new navigators will learn how to respond to a call and figure out the caller's needs. "We want them to know that although we may not be in their position, we will walk the walk with them and the journey with them," she said of callers to 211. Having used 211 in the past to find support for a family member, O'Hanley said the navigator's gift is to provide support. "I think it's really important to feel supported in your community and to know that there are people there that have your best interest at heart and are there to help," she said. 'Appreciate being part of that' The Salvation Army is one of the many services to which Islanders calling 211 can be referred. Lt. John Burton, the corps officer with the Salvation Army's Charlottetown Community Church, says the number of people accessing its breakfast club and food bank has risen about 30 per cent since last year. The Salvation Army doesn't track who gets referred to the organization by 211, but Burton said he knows the system is working. "We often get calls from 211 to say, 'Hey, can you update your information with us?' And so they're on the ball," he said. "They're keen to be able to serve this community. And we appreciate being part of that." In addition, Burton said it's essential to have the ability to connect people with multiple services through one hub. If people can't find the services, then they don't get those services. — Lt. John Burton "If people can't find the services, then they don't get those services," he said. "If someone needs food or a hot meal or housing, or help with their rent or whatever, they can direct them." O'Hanley said 211 tries to connect all Island callers to the services they need. However, if people are asking for help that's not available, she said the organization will track the data, present it to government, and see what can be done to provide the needed support.
