Weekly roundup of people news, May 16

State Street reshuffles senior ranks
US fund servicing group State Street has reshuffled its senior ranks as it looks to centralise its regional management team and better coordinate its business decisions, says a spokeswoman.

Ian Martin was promoted to the newly created role of Asia-Pacific head of State Street Global Markets and State Street Global Exchange. He will assume the role on July 1.

He will relocate to Hong Kong from Australia, where he was most recently head of State Street’s investment servicing and global services subsidiary for Australia, South Asia and the Pacific region, as well as global markets head for Australia and New Zealand.

Global Markets is the investment, research and trading arm of the group, while Global Exchange is the organisation’s portfolio performance, analytics and electronic trading business.

Chris Taylor, Asia head of business development who is based in Hong Kong, will take over Martin’s Australian role.

Meanwhile, Andrew Erickson has taken up the newly created role of Asia-Pacific head of global services and investment manager services. He is based in Hong Kong.