social capital noun. the value of our social networks & relationships

Paul Francisco

Senior Vice President, Chief Diversity Officer
and Head of Workforce Development Programs, State Street
2021 SCI Idealist

Paul Francisco

Paul is the Chief Diversity Officer and Head of Workforce Development programs at State Street Corporation. In these roles, Paul leads the implementation of State Street’s global diversity, equity, and inclusion strategies. He also oversees the execution of workforce development strategies and the Affirmative Action planning.

Prior to joining State Street, Paul was a Managing Director and co-founder of Foster & Francisco LLC, an executive search and diversity consulting firm based in Boston. Prior to Foster & Francisco, Paul led recruitment and Consulting and Relationship Management functions at Bank of America, as well as Fidelity Investments, respectively. Early in his career he led recruitment efforts at Amica Mutual Insurance, and The Gillette Company.

Paul currently sits on the boards of The Base Inc. as the chair of the Nominations Committee; Bentley University School of Business; Business Advisory Council, The Posse Foundation Boston Leadership Council and Morgan Memorial Goodwill. Paul also serves on Boston University’s Black Alumni Leadership Council, The Partnership Inc., Executive Leadership Council and The 30% Club’s Steering Committee. Additionally, he serves on the External Diversity Advisory Council for Vertex Pharmaceuticals, the Simmons University Institute for Inclusive Leadership Board of Advisors, and the Boston Museum of Fine Arts Advisory Board. He is an active member of the Patriots Alumni Association, and the New England Patriots Charitable Foundation. In March of 2017 Paul was appointed by Massachusetts Governor, Charlie Baker, to serve on the Black Advisory Board Commission. Paul is one of the cofounders of the New Commonwealth Racial Equity and Social Justice Fund.

His recognitions include the Boston Business Journal’s 2007 “Top 40 under 40”, 2009 “20 on the Move” recognizing Hispanic Executives making a difference in Boston, and 2020 “Power 50”; El Planeta Newspaper’s Powermeter; “100 Most Influential Latinos in Massachusetts”, and Color Magazine’s 2009 “All Inclusive Award for Leadership”.

Paul has also been recognized by the Boston National Black MBA Association with the 2014 “Corporate Leadership Award”, 2018 Profiles in Diversity Journal “Diversity Leader” Award, and Black Enterprise 2018 “Top Executives in Corporate” Diversity. Paul was also recognized by Massachusetts Governor, Deval Patrick, with a Certificate of Achievement for his work done on behalf of the Hispanic Community in Massachusetts.

Paul graduated from Boston University with a BA in Political Science. In 2018 he received a Doctor in Humane Letters Degree (Hon) from Fisher College. He resides in Dorchester, MA, with his wife and two daughters.