Home / Custody / State Street fills front-to-back spot in Asia

State Street fills front-to-back spot in Asia


State Street has recruited a 22-year Deutsche Bank veteran, Jeslyn Tan, to fill the position as head of product management, driving the end-to-end product strategy in the Asia Pacific region.

The Singapore-based role was previously filled by Babloo Sarin, who has become head of ‘asset owner and official institution’ segments for State Street in the region.

Tan reports globally to Brenda Lyons, the global head of asset servicing product based in Boston, and regionally to Mostapha Tahiri, the chief executive for Asia Pacific, also based in Singapore.

  • State Street has been increasingly emphasising its front-to-back asset servicing capabilities in the past couple of years, which is a fast-growing part of its worldwide business.

    John Plansky is head of State Street ‘Alpha’, overseeing the firm’s front-to-back platform from Boston. He was recruited in 2017 to run the firm’s ‘Global Exchange’ and develop the strategy for Alpha.

    Alpha integrates Charles River Development, Global Markets’ products, State Street’s data services, middle- and back-office services, and third-party solutions onto the single platform.

    State Street paid US$2.6 billion to buy Charles River Development in 2018 and has subsequently continued to invest in its technological developments.

    After years of trying to diversify away from their reliance on core custody services and lower-margin offerings such as fund accounting and reporting, the front-to-back trend has opened new doors for each of the major custodians with Australian presences.

    Tan has spent 26 years in the industry in product management roles in Asia Pacific, most recently as global head of product management for Deutsche.

    Print Article

    Why taming the inflation tiger will be harder than the 1970s

    Inflation is making a latter day comeback, and a financial system “sanitized by 15 years of free money” is totally unprepared. It’s time, once again, for tough medicine. Inflation hasn’t been this high in 40 years, but investors have become convinced that central banks can still tamp it down it with relative ease – a…

    Lachlan Maddock | 27th May 2022 | More
    Bragg offers a super manifesto (from opposition)

    One of the Coalition’s few surviving  “super soldiers”, Andrew Bragg has called on his party to go further down the route of “flexibilising” super – if not abolishing it completely. Senator Andrew Bragg finds himself in a curious position following Labor’s election win. He’s one of the few super partisans to survive the teal clean…

    Lachlan Maddock | 27th May 2022 | More
    Appen left at the altar. Market heads lower. Good week continues for US markets.

    Appen left at the altar A bizarre blink-and-you-missed takeover approach came and seemingly went for one of the local market’s tech leaders Appen, which develops the datasets for machine learning and artificial intelligence. Canadian company Telus International sprang a $9.50 a share bid on the company, which said it would talk to Telus to try to…

    Drew Meredith | 27th May 2022 | More
    News and OneVue go live with brightday
    Alec Law | 11th Jan 2015 | More
    Perrignon off to HK with Credit Suisse
    Alec Law | 22nd Dec 2013 | More
    Sports betting as a new asset class
    Alec Law | 3rd Jul 2016 | More
    BlackRock ahead of consensus with bullish view
    Alec Law | 14th Jan 2017 | More
    Statewide seeds bespoke Apostle fund
    Lachlan Maddock | 23rd Mar 2022 | More
    UniSuper’s VC foray a sign of things to come
    Lachlan Maddock | 25th Mar 2022 | More