State Street named a new head of global markets for Asia-Pacific, relocating a long-time executive.
Michelle Hardeman moves into the role effective immediately, relocating to Hong Kong from Boston where she served as head of foreign exchange sales for State Street Global Markets.
State Street said Hardeman would lead the strategic direction, sales, service and operations of the Global Markets business in the region. She will report to both Asia-Pacific chief executive Wai-Kwong Seck and Lou Maiuri, the firm's global head of global markets.
Commenting, Seck highlighted Hardeman's experience in capital markets as central to her appointment.
"Her global experience and deep understanding of the challenges clients face will enhance our global markets capabilities in the region," Seck said.
Hardeman said she was excited to return to the region, with State Street broadening its local capabilities and client base.
"Investors are always challenged with the need to generate and preserve alpha in the current market environment, where interest rates are rising, volatility is increasing and many asset classes are getting expensive," said Hardeman.
"Our decision to partner with leading academics at institutions such as Harvard and MIT has allowed us to engage with our customers in unique and productive ways. Our proprietary indicators and research can help clients in Asia-Pacific navigate global markets to improve investment returns and minimize risk."