State Street, which has had an Asian presence for over four decades, has announced a new head.

Ian Martin 160Global custodian State Street announced that Ian Martin has been named head of Asia-Pacific in addition to his current responsibilities as head of Global Services in the region. He succeeds Wai-Kwong Seck who, after eight years in the role has decided to pursue other opportunities, closer to his hometown of Singapore. Martin, a 25-year State Street veteran, has deep knowledge of the firm’s clients and strategy having held several leadership roles across the firm and in multiple locations in the region.

He will continue to be based in Hong Kong and report to Andrew Erickson, head of Global Services worldwide.