Thursday, November 9, 2017
Boston Globe, State Street CEO-Designate Says Law School Plagiarism Was a ‘Very Big Mistake’:
In a career spanning more than three decades, Ronald P. O’Hanley 3d has climbed up the ranks of several prestigious financial firms, and this week he capped that ascent when he was named the next chief executive of State Street Corp., a Boston investment and banking giant that oversees trillions of dollars in retirement funds.
While his resume is familiar to many in the business world, one piece of it is not.
In 1983, O’Hanley withdrew from Vanderbilt University Law School after admitting to plagiarism as editor-in-chief of the Vanderbilt Law Review in his third year. It was a mistake O’Hanley, 60, now says he deeply regrets. ...
O’Hanley said he disclosed the plagiarism and the law school withdrawal to State Street. He joined the company in 2015 as chief of State Street’s investment arm. He will take the helm of the company after Jay Hooley steps down as CEO in 2018.
“We were aware of this matter and support Ron unequivocally,’’ State Street spokeswoman Hannah Grove said in a statement. “His track record as a corporate leader and his achievements both at State Street and in his previous roles speak for themselves.”
After leaving Vanderbilt, O’Hanley went on to earn an MBA at Harvard Business School and ran a large department at the consulting firm McKinsey & Co. He later joined Mellon Bank, which is now part of Bank of New York Mellon Corp., and then Fidelity Investments, the Boston mutual fund company.