American asset manager State Street has appointed Ian Martin as the new head of its Asia-Pacific operations, replacing Wai-Kwong Seck who was at the helm of the business for eight years.

Seck will now pursue other opportunities near Singapore, his hometown.

Martin joined State Street 25 years ago and currently serves as the head of Global Services for Asia Pacific.

He will retain this position in addition to his new responsibility and will remain based in Hong Kong.

“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,” Martin noted.

In the new role, Martin will report to head of Global Services worldwide Andrew Erickson.

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“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. 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,” Erickson stated.

State Street operates in Asia-Pacific through offices in Australia, Japan, mainland China, Hong Kong, Singapore, South Korea, Taiwan, Malaysia, Thailand and Brunei.