Based in Hong Kong, Mr Keogh will be responsible for the region’s hedge fund, private equity and real estate business.
State Street AIS senior managing director Bhagesh Malde said Asia is one of the most significant growth areas for its alternative servicing business.
“State Street’s recent global research shows that more capital has been flowing into alternative assets and this looks set to continue,” Mr Malde said.
“As the alternative fund management industry continues to grow in both size and complexity, institutional investors are becoming more sophisticated and demanding,” he said.
“[They] are allocating more assets to private equity, real estate and hedge funds to diversify portfolios, reduce volatility and construct portfolios that match their longer-term investment objectives,” Mr Malde said.
Mr Keogh joined State Street in 2012 from Goldman Sachs as part of State Street’s acquisition of Goldman Sachs Administration Services (GSAS).
Prior to his appointment, Mr Keogh was head of the GSAS business in Europe and Asia where he established offices in Ireland, Hong Kong and Singapore.
As of 30 June 2014, State Street had US$1,291 billion in assets under administration.
