State Street has appointed a new deputy president of its trust and banking segment as well as a new head of sector solutions for Japan.
Fumihiko Yonezawa is the deputy president for State Street Trust and Banking, while Ryo Nakamura is the head of sector solutions for Japan, State Street said in a statement.
Based in Tokyo, both roles report to head of sector solutions for Asia Pacific, Jason Rich, in addition to the local reporting to the president of State Street Trust and Banking, Mark Hamilton.
Mr Yonezawa joins State Street from JP Morgan where he was the managing director, head of investor services for Japan for eight years.
Prior to JP Morgan, he was the general manager of securities and custody business development department at Mizuho Trust & Banking.
As head of sector solutions for Japan, Mr Nakamura will be responsible for owning and driving new revenue opportunities for State Street in Japan across its client segments, including asset managers, asset owners, insurers, official institutions, alternatives and wealth management.
Further, Mr Nakamura and Mr Yonezawa will facilitate product innovation and coordination with clients and prospects to strengthen State Street’s value proposition across all client segments in the Japanese marketplace.
“We are thrilled to welcome Mr Yonezawa and Mr Nakamura to State Street,” said Mr Hamilton. “Their extensive experience in asset servicing and the supporting products and technology will greatly strengthen our partnerships with Japanese clients.”