State Street appoints new country heads for Hong Kong and Taiwan

New appointments will be responsible for leading and executing the enterprise-wide business strategy, developing talent and managing existing relationships.

By Wesley Bray
State Street has promoted two of its long-servicing Asia-Pacific executives to become the new respective country heads of Hong Kong and Taiwan.

Pauline Wong will take on the role of head of Hong Kong, while Ilona Chen will serve as head of Taiwan, both effective immediately.

Wong and Chen will be responsible for leading and executing the enterprise-wide business strategy, developing talent, and managing relationships with local government officials and regulators in Hong Kong and Taiwan, respectively.
They will report to Mostapha Tahiri, recently appointed head of Asia-Pacific, who joined State Street in September last year after holding the same position at BNP Paribas Securities Services.

Wong has over 20 years’ experience in financial services. She joined State Street in 2011 and most recently acted as Asia-Pacific lead for the firm’s client program office. Prior to joining State Street, Wong held various positions at HSBC in trustee services, private banking and securities services covering the Asian region.

Chen joined State Street in 1993. In 1995 she helped establish the firm’s asset servicing business in Taipei. Most recently, Chen served as head of institutional services for Greater China.

“State Street has been supporting clients in Hong Kong for almost 40 years and in Taiwan since 1995. It’s our ambition to continue to support our clients in these two markets to achieve their growth objectives by bringing them all State Street’s solutions and integrated value proposition. With Pauline and Ilona’s on-the-ground experience and leadership, we will be able to build upon and expand our position as a leading provider of investment management services throughout the Asia-Pacific region,” said Tahiri.
The promotions follow the recent appointment of Neil Macdonald as head of State Street’s asset manager services division for the Asia-Pacific region. Meanwhile, when Tahiri joined in September, his former colleague Joanne Chen also joined as head of China, having previously worked at BNP Paribas as head of China financial institutions coverage.