State Street Corporation has picked a new head of its Asia-Pacific business, with the incumbent to step down after eight years.
Ian Martin will be taking the job in addition to his current responsibilities as head of global services in the region, succeeding Wai-Kwong Seck who the company says has decided to pursue other opportunities closer to his hometown of Singapore.
Mr Martin has been with State Street for 25 years, having held a number of leadership roles across the firm and in multiple locations in the region.
He will be based where he currently is in Hong Kong and report Andrew Erikson, head of global services worldwide.
“Ian has led the majority of State Street’s businesses in the region throughout his career including investment servicing, trading and research within Global Markets, and our data and analytics businesses,” Mr Erickson said.
“With his knowledge and experience across our businesses, I am very confident that Ian will build further on our business growth in Asia-Pacific by delivering high quality solutions and services.”
Mr Martin said he is excited to lead in the region at this time.
“I look forward to partnering with our clients to deliver integrated solutions for their business and investment needs, which will include the development of the industry’s first-ever global platform connecting the front, middle and back office,” he said.
State Street has operated in the Asia-Pacific region for more than 40 years, with offices in countries including Australia, Japan, China, Hong Kong, Singapore and South Korea.
Sarah Simpkins is a journalist at Momentum Media, reporting primarily on banking, financial services and wealth.
Prior to joining the team in 2018, Sarah worked in trade media and produced stories for a current affairs program on community radio.
You can contact her on [email protected].
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