State Street Corporation has appointed Cara Brosnan as head of sector solutions, Australia and Southeast Asia, with immediate effect.
In this newly created role, which will be based in Sydney, Brosnan will lead sales across all of State Street’s products and client sectors including asset managers, asset owners, insurance, official institutions and alternatives in Australia and Southeast Asia. She reports to Jason Rich, head of sector solutions, Asia-Pacific.
“Her extensive experience in institutional sales roles combined with her comprehensive product knowledge and network will enable us to meet ever-increasing client demands, and further expand our business in Australia and Southeast Asia. Australia remains the world’s fourth-largest pension market valued at US$1.9 trillion, experiencing the highest growth rate of pension fund assets in the world. Add to this increasing interest from Southeast Asia pensions in global diversification, and we see tremendous opportunities in these regions,” says Rich.
Brosnan has more than 17 years of experience in sales and business development roles within the banking and financial services sector. Prior to joining State Street, she served as the regional head of insurance sector sales for HSBC Securities Services in the Asia-Pacific. Based in Hong Kong, she was responsible for leading HSBC’s custody and fund administration growth in the insurance sector across Asia.
Before moving to Hong Kong, she was the sales director at HSBC Securities Services in Australia and Europe, and was responsible for developing and signing new business opportunities across global custody, investment administration, FX and securities lending for the investment management industry.