American asset management firm State Street has strengthened its Asia Pacific management team with the appointments of Mostapha Tahiri and Joanne Chen.
Responsibilities of Tahiri and Chen at State Street
Tahiri will serve as the new head of Asia Pacific, replacing Ian Martin. Chen has been named as the head of China.
Both Tahiri and Chen most recently worked at BNP Paribas.
Operating out of Singapore, Tahiri will manage State Street Asia Pacific’s strategic direction, management and growth.
Besides, he will be a member of the firm’s management committee.
Tahiri will report to chief productivity officer and CEO for international business Andrew Erickson, and State Street Institutional Services CEO Francisco Aristeguieta.
Tahiri noted: “Asia Pacific has been a growth engine for State Street since it established its presence in the region more than 40 years ago.
“I look forward to working with the teams across the region to further expand our franchise and to support our clients’ growth and transformation ambitions.”
Meanwhile, Martin has now been named as the global head of the asset owner segment, with responsibility for driving a strategic partner approach to the firm’s asset owner clients worldwide.
At State Street, Chen will manage various activities in China.
These activities include driving strategy, developing talent, and pursuing growth opportunities. She will also manage relationships with Chinese clients, partners, officials and regulators.
She will operate out of Beijing and report to Tahiri.
Background of Tahiri and Chen
At BNP Paribas, Tahiri held leadership roles in the last two decades latterly as the Asia-Pacific CEO of BNP Paribas Securities Services.
Chen was most recently the head of China financial institutions coverage at BNP Paribas.
She previously worked at Deutsche Bank, where she was head of China strategy management as well as head of private wealth and commercial clients.
Earlier this year, State Street Global Advisors appointed Kim Hochfeld as a senior managing director and global head of the firm’s cash business within the Global Institutional Group.