State Street Hires Former Barclays General Counsel as Top Lawyer

State Street Corp., a Boston-based financial services giant, has hired Mark Shelton to be its new general counsel and corporate secretary.

Shelton, a former co-chair of the financial institutions group at Gibson, Dunn & Crutcher who most recently was general counsel for Barclays Bank PLC, confirmed he started Jan. 1 at State Street. He succeeds the company’s retiring legal chief, David Phelan, who has been State Street’s top lawyer since mid-2020.

Shelton initially joined Barclays in New York in 2015 from Gibson Dunn, which hired him the year prior from Swiss bank UBS Group AG, where Shelton spent more ...