State Street hires Google exec to handle global compliance

State Street in Boston has hired a former Google executive to serve as its global chief compliance officer.

The $300 billion-asset company said in a press release that Yvette Hollingsworth Clark will report to Brad Hu, its global head of risk. She will also be accountable to the board’s examining and audit committee.

Hollingsworth Clark will oversee compliance activities that include designing and implementing structures and processes to enhance governance and controls.

“Understanding and effectively managing risk in a dynamic environment is absolutely critical to achieving our business goals,” Hu said in the release. 

"Yvette is a respected professional in compliance risk management, with a strong record of building and leading effective AML and compliance frameworks at global financial institutions,” Hu added.

Hollingsworth Clark recently served as head of compliance in the consumer trust business at Google. She has also held leadership roles at Barclays Capital, Citigroup and Wells Fargo. She was also a bank regulator and supervisor at the Federal Reserve.