State Street builds regional collateral management service

State Street is putting the finishing touches on a new 12-strong team specialising in collateral management and derivatives processing in Sydney. The chief operating officer there is Paul Khoury and a derivative-management team is headed by Mark Shepherd. Both report to State Street veteran Mike Brager. Brager, Asia-Pacific COO for State Street Global Services, is an Australian who has been based in Hong Kong for the past three years. He has been in charge of an Asian expansion by e…