State Street appoints new head of Singapore, South-east Asia

STATE Street Corporation has appointed Kevin Hardy as head of Singapore and South-east Asia and Tim Helyar as head of Australia.

Both newly-created roles will report to State Street's Asia-Pacific chief executive Mostapha Tahiri, the financial services provider said in a press statement on Wednesday (Oct 20).

Hardy and Helyar, based in Singapore and Sydney respectively, will drive State Street's enterprise-wide growth strategy, steward client engagement, develop talent and maintain strong regulatory relationships.

Hardy will join State Street in November 2021 and be responsible for all regional activities including sales, relationship management and product.

Previously, he was Additiv Asia's Asia-Pacific general manager. He also has experience at global asset managers including BlackRock, Northern Trust Global Investments and State Street Global Advisors - the asset management business of State Street Corp.

At BlackRock, he was Singapore country head and was responsible for the business in South-east Asia. He was also the head of ETF and index investments for Asia-Pacific. (see amendment note)

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Incoming Australia head Helyar will also join State Street next month. Before State Street, he was the head of fund services product development for Asia-Pacific at JPMorgan - where he has been for almost two decades.

"Our new Australia and Singapore and South-east Asia heads will bring clients all of State Street's capabilities from investment servicing, investment research and trading, to data management and a front-to-back asset servicing platform," Tahiri said.

State Street opened its first offices in Australia and Singapore in 1986 and 1997 respectively.

READ MORE: State Street hires former BNP Paribas execs as Asia-Pacific, China heads

Amendment note: A previous version of this article incorrectly stated that Kevin Hardy was the Singapore country head of State Street Global Advisors when it is in fact BlackRock.