State Street Corporation has appointed Neil Macdonald as head of the asset managers segment in Asia-Pacific, effective May 14. In the newly created role, Macdonald will lead the firm’s engagement strategy for asset manager clients in the region, including strategic direction and solutions structuring, and will be responsible for the overall growth of the segment.
Based in Hong Kong, Macdonald will report globally to Donna Milrod, head of global asset managers segment and global clients division, and regionally to Mostapha Tahiri, chief executive officer for Asia-Pacific.
"Asset managers are a key segment for our Asia-Pacific business which continues to be a growth engine for State Street," says Tahiri. "We are excited to create this new role dedicated to supporting asset managers to achieve sustainable growth as they navigate the rapidly evolving and vibrant Asia-Pacific marketplace and harness the power of innovation and transformation. Neil's experience and deep understanding of asset managers' needs will strengthen our positioning to be an essential partner and trusted adviser for asset managers in the region.”
Macdonald has nearly two decades of experience in the asset management industry. He joins State Street from KPMG, where he was the head of the Wealth and Asset Management Centre of Excellence, building a consulting business focused on the needs of wealth and asset managers in Hong Kong and mainland China.
Prior to that, Macdonald was the chief operating officer of global investment solutions at JP Morgan Asset Management and chief operating officer for BlackRock's institutional clients in EMEA. Before entering the asset management industry, Macdonald held a number of senior positions in the banking sector, including Barclays and NatWest Bank.