Vice President, Stone Soup Institute
Board Member Profile
A graduate of Bowdoin College, Ron began his business career with Bell Atlantic in 1956 in Philadelphia. In 1965, he joined IBM in Wilmington, Delaware and spent nine years in Marketing and Marketing Management. While at IBM he won numerous awards for outstanding sales achievement and sales management. After a brief time on Wall Street with ADP, Ron joined State Street Bank in Boston in 1974. During his 15 year career with State Street, Ron held a number of senior management positions culminating in his election as Executive Vice President in 1982 and a member of The Chairman's Office.
Ron is widely recognized as an energetic, creative executive who played a prominent role in the creation of Custody and Asset Management services for State Street worldwide. In 1975, he developed State Street's Master Trust product and in 1981 their Global Custody service. Under his leadership State Street's assets under custody grew from $17.0 billion to over $500.0 billion and assets under management grew from $400.0 million to over $40.0 billion. Today State Street is recognized as the largest master trustee in the United States and a leader in global custody and investment management worldwide. When Ron decided to retire early in 1989 he was responsible for over 2,000 people in six countries all working in institutional pension-related business that he had created.
He has served as a Director of The Credit Network, the Boston Stock Exchange, North Cumberland County Hospital, Christmas In The City, The New England - Australian Business Council, Risk Averse Money Managers (Australia), and Human Resources and Income Security in China at The Sloan School.