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June 8, 2021

State Street names new Hong Kong and Taiwan heads

By Verdict Staff

State Street has promoted its Asia-Pacific executives Pauline Wong and Ilona Chen to the roles of heads of Hong Kong and Taiwan, respectively.

Wong will be based in Hong Kong while Chen will operate out of Taipei. They will report to State Street CEO for Asia-Pacific region Mostapha Tahiri.

Both Wong and Chen will be responsible for leading and executing the enterprise-wide business strategy, developing talent, and managing relationships with local government officials and regulators in Hong Kong and Taiwan.

In addition, they will oversee all State Street’s businesses in their respective countries.

Wong’s financial services career spans over 20 years. She joined State Street in 2011 and most recently served as the Asia-Pacific lead for the firm’s client programme.

Prior to that, Wong held several roles at HSBC in trustee services, private banking and securities services in the Asian region.

Chen, who was most recently head of institutional services for Greater China, joined State Street in 1993.

She is said to be instrumental in helping the firm establish its asset servicing business in Taipei in 1995.

Commenting on the appointments, Tahiri said: “State Street has been supporting clients in Hong Kong for almost 40 years and in Taiwan since 1995. It’s our ambition to continue to support our clients in these two markets to achieve their growth objectives by bringing them all State Street’s solutions and integrated value proposition.

“With Pauline and Ilona’s on-the-ground experience and leadership, we will be able to build upon and expand our position as a leading provider of investment management services throughout the Asia-Pacific region.”

Last month, State Street appointed Neil Macdonald to the newly created role of head of asset managers segment in Asia Pacific, effective 14 May 2021.

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