State Street has asked Peter Baker, currently in charge of its investor services business in the UK, Middle East and Southern Africa (IS UKMEA), to become head of investor services for State Street in Asia ex-Japan. Baker, who will be based in Singapore, will report to KK Tse, executive vice president and head of State Street’s investment servicing operations for all of Asia Pacific.
Baker joined State Street in Sydney in 1988 and worked in the UK from 1989 to 1997, before returning to Australia to head State Street’s investment servicing business. In 2004, he received the “Services to Custody” industry award from the Australian Custodial Services Association, garnering the highest number of nominations in the history of the award.
Baker moved to London in 2004 to assume the role of head of IS UKMEA and earlier this year helped restructure the UK business. One result was the appointment of Peter O’ Neill to a new role spanning both State Street’s investment servicing and investment research and trading capabilities.
“We’re delighted to welcome Peter back to the region in this key role,” said Tse. “The combination of his experience at State Street as well as within the industry and his knowledge of our customer base will make him a highly effective leader at a time when we seek to grow our considerable market presence across Asia Pacific.”
“I can’t think of a better time to return home to the region,” said Baker. “I leave the UK after two years with a strong management team in place and the new alignment for our customers already showing results. I am enthused about the opportunities ahead and look forward to working with our outstanding team in the region to continue to build upon our leadership and success.”