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November 2021
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State Street Corp hires Australia, Southeast Asia heads

State Street
Helyar and Hardy will oversee State Street's business in Australia and Southeast Asia
By Goh Thean Eu   
October 22, 2021

State Street Corporation has hired Tim Helyar as head of Australia, and Kevin Hardy as head of Singapore and Southeast Asia, positions newly created as part of the US company’s growth plan in Asia Pacific.

Helyar joins State Street from JPMorgan Chase & Co, where he was head of fund services and product development for Asia Pacific. Hardy was general manager for Asia Pacific at Additiv Asia, a wealth management platform provider.

They will oversee State Street's business in Australia and Southeast Asia, including driving growth strategy, stewarding client engagement, developing talent, and maintaining strong regulatory relationships, the company says in a statement on October 21.

A spokesperson for State Street tells Asia Asset Management that they start their jobs next month: Helyar, based in Sydney, begins on November 1 and Hardy, based in Singapore, on November 22.

Both report to Mostapha Tahiri, State Street’s chief executive officer for Asia Pacific.

"Our new Australia and Singapore and Southeast 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,” he says the statement, noting that it was “essential” to provide a “total solution to help them overcome challenges and grow their businesses".

Boston-based State Street had US$43.3 trillion of assets under custody and/ or administration and $3.9 trillion of assets under management as of September 30, 2021.