Pulished by Asia Asset Management – 13th Sep 2018
US-based financial services provider State Street Corp. (State Street) has appointed Michele Hardeman as head of global markets for Asia Pacific, filling a position that had been vacant since the beginning of the year.
Ms. Hardeman was previously head of foreign exchange sales at State Street Global Markets, a business unit of State Street, the company says in a statement on September 12.
A State Street spokesperson tells Asia Asset Management that she succeeds Colin Zhong, who left the company in January.
“Ms. Hardeman relocated from Boston to Hong Kong and assumed the position in July 2018,” the spokesperson says, adding that the company is in the process of appointing a successor for her previous position.
In her new role, Ms. Hardeman will lead the strategic direction, sales, service and operations of State Street’s global markets business in Asia Pacific. She reports to Wai-Kwong Seck, chief executive officer for Asia Pacific, and Lou Mairuri, the global head of global markets.
Ms. Hardeman joined State Street in 1998 and was head of foreign exchange sales for Australia prior to her move to Boston in 2011. She became global head of foreign exchange sales in 2015.
“Her global experience and deep understanding of the challenges clients face will enhance our global markets capabilities in the region,” Mr. Seck says in the statement.
According to Ms. Hardeman, investors are “always challenged with the need to generate and preserve alpha in the current market environment”.
“Our proprietary indicators and research can help clients in Asia Pacific navigate global markets to improve investment returns and minimise risk,” she says in the statement. “I am excited to return to Asia Pacific to lead State Street Global Markets as we grow and broaden our capabilities and client base in the region.”
State Street had US$33.9 trillion of assets under custody and administration, and US$2.72 trillion of assets under management, as at June 30, 2018.
