Neil Macdonald is set to join State Street as head of the asset managers segment in Asia Pacific (APAC), effective 14 May.
In the newly created role, Macdonald will lead State Street's engagement strategy for asset manager clients in APAC, including strategic direction and solutions structuring, and will have responsibility 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, CEO for APAC.
Macdonald will join State Street from KPMG, where he was the head of the Wealth and Asset Management Centre of Excellence.
In this role, he built a consulting business focused on the needs of wealth and asset managers in Hong Kong Special Administrative Region (HKSAR) and mainland China.
Prior to KPMG, Macdonald was the chief operating officer of global investment solutions at J.P. Morgan Asset Management and chief operating officer for BlackRock's institutional clients in Europe, Middle East and Africa.
Before entering the asset management industry, Macdonald held a number of senior positions in the banking sector, including Barclays and NatWest Bank. He has nearly two decades of experience in the asset management industry.
"Asset managers are a key segment for our APAC business which continues to be a growth engine for State Street. 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,” says Tahiri.
According to Tahiri, Macdonald’s experience and deep understanding of asset managers' needs will strengthen our positioning to be an essential partner and trusted advisor for asset managers in the region.
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