Faculty & Research

Marshall Carter

  • Senior Lecturer, Work and Organization Studies

Marshall (Marsh) Carter is currently a Senior Lecturer in leadership and management at the Sloan School, MIT. Babson College, and the Naval War College, Newport, RI. He was a Senior Fellow at the Kennedy School, Harvard University, 2001-2004. His focus is to pass on to younger generations the lessons learned in a 50 year plus career in business, government, and the military.

From 2003 to 2013 he was a board member, chairman of the New York Stock Exchange and deputy chairman of the parent company NYSE Euronext. He was one of seven executives asked to postpone retirement in 2003 to form a new Board of Directors at the NYSE, and in 2005, was elected chairman.

Prior to the Exchange, Carter served as the chairman and chief executive officer of the State Street Bank and Trust Company, Boston, and of its holding company, State Street Corporation. He joined State Street in July 1991, as president and chief operating officer, became CEO in 1992 and chairman in 1993. During his nine years as CEO, the company grew more than six fold. In 1998, Mr. Carter and the bank were awarded the Gartner Groups Excellence in Technology Award for application of technology for business value and business return. State Street is a leading servicer and manager of financial, pension and mutual fund assets worldwide.

Prior to joining State Street, Carter was with the Chase Manhattan Bank for 15 years, in executive positions related to finance, product development, operations, regional banking, and global businesses.

A former Marine Corps infantry officer who was awarded the Navy Cross, Bronze Star and Purple Heart during two years’ service in Vietnam, Carter served from 1975-76 as a White House Fellow at the State Department and Agency for International Development. Major projects during that year were the application of satellite technology to agricultural activities in West Africa, the use of high-level U2 photography for disaster relief activities in Guatemala and the use of sensor-surveillance equipment as a member of the project team that installed the U.S. Sinai Surveillance Mission in Israel after the 1973 Middle East War.

Carter was chairman of the Board of Trustees of the Boston Medical Center, the primary inner city hospital for Boston from 2001-2009. Long active in industry affairs, he cochaired the U.S. Working Group of Thirty, which developed recommendations for revamping world securities clearance and settlement processes after the securities markets problems of October 1987. He was a member of the Board of Directors of Honeywell International from 1997-2005. Carter also chaired the Massachusetts Governor’s Special Advisory Task Force investigating Massport and Boston’s Logan Airport following the events of September 11, 2001. He is a member of the American Academy of Arts and Sciences.

Born in 1940, an Army junior, Marsh grew up in Washington DC, Illinois, Alaska, and Colorado.