State Street names new Australian head

Tim Helyar
TIM HELYAR
State Street Australia Limited - Country Head Australia
APPOINTMENT
STATE STREET AUSTRALIA LIMITED
Date: 20 October 2021
Position: Country Head Australia
By Elizabeth Fry

State Street has appointed Tim Helyar as head of Australia hiring from JP Morgan.

Helyar brings almost two decades of experience at JP Morgan Investor Services to the firm. He was most recently head of fund services product development for Asia Pacific.

The newly-created role will see Helyar driving the enterprise-wide growth strategy, stewarding client engagement, developing talent, and maintaining strong regulatory relationships.

State Street has also appointed Kevin Hardy as head of Singapore and Southeast Asia as part of its growth plan for the region. Hardy joins from Additiv Asia where he was general manager for Asia Pacific, responsible for all activities in the region including sales, relationship management, and product for the Swiss-based technology provider.

Before that, he worked at several global asset managers including BlackRock, Northern Trust Global Investments, and State Street Global Advisors.

At Blackrock, Hardy was Singapore country head, where he ran the business in Southeast Asia, and head of ETF & index investments for the region.

The two newly created roles will report to Mostapha Tahiri, chief executive officer for Asia Pacific.

"Our new Australia and Singapore and Southeast Asia heads will bring clients all of State Street's capabilities from investment servicing, investment research, and trading, to data management and a front-to-back asset servicing platform," said Tahiri.

"With significant, on-the-ground experience working with asset owners and asset managers in Australia and Southeast Asia, Tim and Kevin understand the unique demands of our clients in local markets. I am delighted to have such strong leaders in these two important markets as we continue to accelerate our growth in Asia Pacific."

In the six months to June 30, 2021, State Street's assets under custody rose 18 per cent to $544 billion, making it the fifth-largest custodian in Australia.