State Street Corporation has appointed Mostapha Tahiri as head of Asia Pacific and Joanne Chen as head of China, as part of its Asia-Pacific expansion plan.
Tahiri will be responsible for the strategic direction, management and growth of the group's overall business in Asia Pacific. He will also serve on State Street’s management committee, its most senior strategy and policy-making group.
Tahiri succeeds Ian Martin, who was appointed global head of the asset owner segment. In this role, Martin will drive an integrated, strategic partner approach to the firm’s asset owner clients globally.
Based in Singapore, Tahiri reports to Andrew Erickson, chief productivity officer and chief executive officer for State Street’s international business, and Francisco Aristeguieta, CEO of State Street Institutional Services.
Tahiri joins State Street from BNP Paribas, where he worked in numerous leadership positions over the past 20 years. Most recently, he served as the Asia-Pacific CEO of BNP Paribas Securities Services and a member of its executive committee.
Chen, based in Beijing, will be responsible for all of State Street’s business activities in China including driving strategy, developing talent, pursuing growth opportunities as well as managing relationships with Chinese clients, partners, officials and regulators. Chen reports to Tahiri.
Chen also joins State Street from BNP Paribas where she most recently served as head of China financial institutions coverage. Prior to BNP Paribas, Chen worked at Deutsche Bank as head of China strategy management and head of private wealth and commercial clients.