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Senior changes at State Street
The head of State Street's investment servicing business, Ian Martin, is to relocate to Hong Kong as part of a range of senior Asia Pacific management changes announced by the company this week.
It said the changes were part of a wider focus on adapting to meet changing client needs and the organisation's evolving business model.
The company said Martin, who has spent the past 21 years with State Street in Australia, would relocate to Hong Kong after his appointment as head of State Street Global Markets and State Street Global Exchange, Asia Pacific.
The announcement said Chris Taylor had been appointed head of Global Services and Global Markets for Australia, taking over from Martin. Taylor will assume responsibility for the overall strategy, product development and client relationships for the Global Services and Global Markets business in Australia. Commenting on the moves, State Street's Asia Pacific head of Global Services and Global Markets, Wai Kwong Seck, said Australia was one of the largest strategic opportunities for State Street in the region and the changes were aimed at positioning the business to best pursue this opportunity.
He said the moves were also part of a broader regional re-configuration producing greater alignment across core businesses and within senior-level management to better address the challenges clients are facing.
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