State Street adds to APAC ranks with new head of asset manager business
State Street has hired a 20-year asset management veteran who held senior roles with JP Morgan Asset Management and BlackRock for the newly-created role in APAC.
State Street has hired a 20-year asset management veteran who held senior roles with JP Morgan Asset Management and BlackRock for the newly-created role in APAC.
The move marks the latest development in the securities lending market, as more asset managers seek to lend their holdings to other investors.
The findings follows a wave of buy-side firms that have expanded into private markets in response to increasing pressure on performance and fees.
The move is the first by JP Morgan since the restructure to the securities services business earlier this year.
New public mutual fund launches in China totalled $163 billion (RMB 1.07 trillion) in the first quarter of the year.
A new study from BNY Mellon of 200 asset managers found an overwhelming 97% plan to outsource their data management infrastructure.
The custodian said the Fund Connect ETF platform will now be open to support all ETF issuers regardless of their service provider.