Asset manager State Street Global Advisors (SSGA) has appointed a new head of Japan, the firm announced on Monday. Effective immediately, Dohei Echizenya is now head of Japan at SSGA. Based in Tokyo, Echizenya will also serve as the firm’s Japan’s president and representative director, effective 11 December 2024. Echizenya will report to Kevin Anderson, head of APAC for SSGA. In […]

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Financial institutions and professional service providers have joined with InvestaX, a Singapore-licensed digital securities investment and trading platform, to publish a proof-of-concept (POC) for tokenising the Singapore Variable Capital Company (VCC) structure and its underlying assets using blockchain. UBS, State Street, PwC Singapore and international law firm CMS participated in the POC, known as Project e-VCC, according to an announcement […]

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State Street Corporaton Wednesday said it will buy Brown Brothers Harriman & Co. for US$3.5 billion in cash in a deal likely to help America’s second-oldest bank to bolster its presence in Asia, especially in the private banking industry. The deal, expected to be concluded by year-end, will see the manager of US$3.9 trillion in AUM acquire BBH’s investor services […]

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State Street Corporation on Tuesday announced the appointment of a new APAC head of product management. Based in Singapore, Jeslyn Tan will be in charge of developing and driving an end-to-end product strategy for the Asia Pacific region. She will report globally to Brenda Lyons, global head of asset servicing product, and regionally to Mostapha Tahiri, APAC CEO. Tan was […]

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State Street Corporation on Tuesday announced the appointment of new leadership to oversee its Hong Kong and Taiwan business. Effective immediately, Pauline Wong has been named head of Hong Kong and Ilona Chen head of Taiwan. Based in Hong Kong and Taipei respectively, both Wong and Chen will report to Mostapha Tahiri, APAC CEO. In their new roles, they will […]

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State Street on Monday announced it has filled a newly created role dedicated to expanding relationships with asset managers in Asia Pacific. Effective 14 May 2021, Neil Macdonald will lead State Street’s engagement strategy for asset manager clients in APAC, including strategic direction and solutions structuring. He will focus on the overall growth of the segment. Based in Hong Kong, […]

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State Street has announced a strategic partnership with S&P Global Trucost that integrates its ESG risk analytics and reporting capabilities with the climate data and analytics of the credit rater. As an extension of State Street’s existing client-focused ESG services, the partnership will enable State Street to add Trucost data onto the risks and opportunities of climate change. The US […]

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Institutional investors, including sovereign wealth funds, which entered 2020 defensively positioned and armed with high levels of cash, are now putting that cash to work, reducing fixed income positions and increasing exposure to risk assets. That’s according to a report by State Street Corporation and the International Forum of Sovereign Wealth Funds (IFSWF) — titled Institutional Investor and sovereign wealth […]

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In a partnership with Snowflake, State Street has launched an end-to-end data management and warehouse solution for institutional investors and wealth managers, called State Street AlphaSM Data Platform. According to a news release, the platform enables clients to assemble and access investment data across internal and third-party services across their investment processes. It provides access to front office data “in near […]

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State Street Corporation has received a trust business licence from the Monetary Authority of Singapore (MAS), allowing it to broaden its trustee capabilities in the city-state. With the new licence, State Street is now able to act as a trustee for collective investment schemes offered to institutional investors and restricted schemes offered to accredited investors. Prior to obtaining the trust […]

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Weakening Asian currencies have increasingly driven the region’s demand for gold from an investment perspective, according to State Street Global Advisors (SSGA). “We used to look at the emerging world for jewellery demand only, but in recent times, we’ve seen a lot more interest in investment in gold from emerging markets, especially here in Asia this year,” George Milling-Stanley, SSGA’s […]

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Only 14% of asset managers rated the China-Hong Kong Mutual Recognition of Funds (MRF) as “highly effective”, ranking it the second-most ineffective cross-border fund distribution regime, according to a recent report by State Street. Just 55% of respondents viewed the MRF regime as “moderately effective” (41%) or “highly effective” (14%), ahead of only Australia’s Corporate Collective Investment Vehicle (CCIV), which […]

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Asset manager State Street Global Advisors (SSGA) has announced its new head of marketing for Asia ex-Japan, in a bid to boost the firm’s intermediary and institutional distribution channels. Ellen Tsang, who is based in Hong Kong, has been named marketing head, effective 3 April 2018. June Wong, head of Asia ex-Japan at State Street Global Advisors, told Asian Private […]

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Six global banks have joined hands to create a digital currency for clearing and settling financial transactions using blockchain technology.  Barclays, Credit Suisse, Canadian Imperial Bank of Commerce, HSBC, MUFG and State Street have agreed to team up to work on a “utility settlement coin” project that was created by UBS, according to the Financial Times. “We have been in […]

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Gold ETFs continue to attract inflows in Asia as more HNW clients turn to discretionary portfolio management (DPM) solutions, according to Robin Tsui, vice president and ETF gold specialist at State Street Global Advisors. According to APB Mandate data, DPM assets at private banks in Asia reached 
a record-high US$120 billion in 2016, a 9.3% increase YoY. As such, DPM […]

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While energy prices have lost ground this year on oversupply concerns, traffic data suggests that demand for energy-related ETFs is trending upwards among Asian investors, according to APB Mandate’s latest Asset Management Heat Map. APB Mandate seeks forward-looking trends in its latest Asset Management Heat Map, an exclusive weekly column analysing regional fund demand based on internet traffic data provided […]

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With Asian investors becoming increasingly sophisticated, private banks in the region expect investors will allocate more towards alternatives such as gold in order to diversify their portfolios. “Longer term, we do see a higher allocation in portfolios to gold here in Asia, particularly in China as they [investors] seek to diversify current holdings into other assets, like gold,” says Wayne Gordon, […]

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In a year of uncertainty, particularly for Asia where a Chinese slowdown and a potential emerging market aftermath of a Fed rate hike continues to worry investors, private banking clients have naturally drifted towards downside protection and gold ETFs have been a major beneficiary, according to State Street Global Advisor (SSGA). According to Matthew Arnold, SSGA’s head of ETF sales […]

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State Street Global Advisors (SSGA) has shared two case studies where the use of ETFs within discretionary portfolios can be potent, especially in the current ultra-low yield environment. SSGA’s white paper, “ETFs for private banks & wealth management firms”, focuses on how equity multi-manager portfolios can utilise its range of SPDR S&P Dividend Aristocrats ETFs, and how they can use the […]

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