State Street Appoints Keogh as AIS Head in APAC

State Street has appointed Bob Keogh as head of Alternative Investment Solutions (AIS) for the Asia Pacific region, where he will be based in Hong Kong.

Keogh fills the position previously held by Carol Hall, who has left State Street. In his new role, Keogh will be responsible for State Street’s hedge fund, private equity and real estate fund servicing in APAC.

State Street established a presence in the region for alternative funds servicing when it acquired Mourant International Finance Administration (MIFA) in 2010, with locations in Hong Kong and Singapore. State Street has since expanded its presence in this sector, opening an office in Shanghai in January, and now providing alternative fund services across mainland China, Hong Kong, Singapore, Tokyo, and Australia.

“Asia is one of the most significant growth areas for our alternative servicing business,” says Bhagesh Malde, senior managing director for State Street’s AIS business. “With Bob’s broad experience and expertise, we can deliver a best-in-class operational capability both for our clients in Asia Pacific as well as global alternatives managers that benefit from a regional follow-the-sun capability that includes processing and servicing solutions.

“State Street’s recent global research shows that more capital has been flowing into alternative assets and this looks set to continue. As the alternative fund management industry continues to grow in both size and complexity, institutional investors are becoming more sophisticated and demanding and are allocating more assets to private equity, real estate and hedge funds to diversify portfolios, reduce volatility and construct portfolios that match their longer-term investment objectives. Bob will play an integral role in our commitment to meet the region’s growing alternative investment servicing demand.”

Keogh joined State Street in 2012 from Goldman Sachs, following State Street’s acquisition of Goldman Sachs Administration Services (GSAS). He then served as senior managing director for State Street’s hedge fund servicing business based in Europe.

At Goldman, he served as head of the GSAS business in Europe and Asia where he established offices in Ireland, Hong Kong and Singapore. In all, he has over 20 years of experience in financial services, the last 14 of which he has spent in the hedge fund industry.

He has more than two decades of experience in financial services, the last 14 of which have been in the hedge fund industry. He was previously senior managing director for State Street’s hedge fund servicing business based in Europe. Bob joined State Street in 2012 from Goldman Sachs as part of State Street’s acquisition.