People moves

State Street establishes Asia-Pacific hedge fund service

by

Carol Hall
State Street Corporation says it has big ambitions for its new hedge fund servicing business in the Asia Pacific – and says it hopes to employ at least 400 to 500 people in the region within the next five years solely focused on the alternative investment space, encompassing real estate funds and private equity funds as well as hedge funds.

Carol Hall, who joined State Street two months ago, has been appointed senior managing director and head of alternative investment services in Asia Pacific.

Her remit is to develop the hedge fund servicing