People Moves
State Street Announces MD, Business Head For Asia Pac
State Street is emphasising its commitment to the fast
growing Asian region with the recent hire of
Yvonne Wong as managing director and head of business
development for Asia Pacific.
Wong will be joining the company's Enhanced Custody business,
which provides servicing solutions for long/short strategies. The
full-service Enhanced Custody solution, which was launched in
2008, provides clients with the ability to engage in direct
borrowing and financing from their own long positions.
Her appointment came alongside the naming of
Doug Stern as global business development and client service
for Enhanced Custody and
Nicholas Bonn as head of the firm's Securities Finance
business.
State Street operates in 25 countries and has a significant
presence in Boston, Hong Kong, London, Tokyo, Sydney and Toronto.
It has $19 trillion in assets under custody and administration
and $1.9 trillion in assets under management as of 31 March
2010.
