State Street Taps General Counsel to Succeed Veteran Legal Chief (1)

State Street Corp. will promote executive vice president and general counsel David Phelan to replace its longtime legal chief once he retires next month.

The Boston-based financial services giant disclosed in a June 12 securities filing that starting July 1 Phelan will take over the chief legal officer role currently held by Jeffrey Carp.

Carp, who also serves as State Street’s corporate secretary, will retire July 31. An employment agreement between him and State Street shows that he joined the company Jan. 3, 2006, with Phelan being hired as general counsel and assistant secretary later that year.

“While it is ...