SSGA eyes Korea subsidiary amid Asia expansion drive
The US funds giant has made senior hires in Hong Kong and Singapore and is about to appoint a new Korea head. But it has also seen turnover in the region.
State Street Global Advisors, the Boston-based $2.4 trillion passive funds house, has been making staff changes in Asia as it seeks to build its institutional business and put a bigger focus on intermediary channels, regional head June Wong told AsianInvestor.
The moves include hires to the sales and client service teams – but also involve departures – in Hong Kong and Singapore. Wong also spoke about the firm’s new tie-up with Chinese asset manager E Fund.
Moreover, SSGA is hi…
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