State Street Corporation has appointed Tim Helyar as head of Australia, based in Sydney.
Additionally, Kevin Hardy was appointed as Singapore-based head of Singapore and Southeast Asia with both appointments part of its Asia Pacific growth plan.
Helyar and Hardy would be responsible for the enterprise-wide growth strategy, stewarding client engagement, developing talent and maintaining strong regulatory relationships.
Heylar had almost two decades of experience at JP Morgan Investor Services to the firm and was most recently head of fund services product development for Asia Pacific at JP Morgan. He also had financial services experience across securities services, superannuation and wealth management.
Hardy joined from Additiv Asia where he was general manager for Asia Pacific, responsible for all activities in the region including sales, relationship management and product for the Swiss-based technology provider.
Prior to that, he worked at a number of global asset managers including BlackRock, Northern Trust Global Investments, and State Street Global Advisors.
The two newly-created roles would join next month and report to Mostapha Tahiri, State Street Asia Pacific chief executive.
"It is essential for us to provide clients a total solution to help them overcome challenges and grow their businesses," Tahiri said.
"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.
“With significant, on-the-ground experience working with asset owners and asset managers in Australia and Southeast Asia, Tim and Kevin understand the unique demands of our clients in local markets.”
State Street opened its first offices in Australia and Singapore in 1986 and 1997 respectively.