State Street will expand its Asia Pacific business with the hire of a former KPMG executive for its asset manager segment in the region.
State Street appoints Neil Macdonald as head of the asset managers segment in Asia Pacific, according to a statement, effective May 14.
Hong Kong-based Macdonald will globally report to head of global asset managers segment and global clients division Donna Milrod as well as regionally report to APAC chief executive Mostapha Tahiri.
Macdonald has nearly two decades of asset management experience after joining most recently from KPMG China where he was head of the wealth and asset management center of excellence. Previously, he was also the chief operating officer for J.P. Morgan Asset Management’s global investment solutions unit and chief operating officer for Blackrock’s EMEA institutional clients unit.
