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Securities finance people moves news

State Street announces Tim Heylar as head of Australia and Kevin Hardy as head of Singapore and Southeast Asia as part of its Asia-Pacific growth plan.

Based in Sydney and Singapore, Helyar and Hardy will oversee State Street’s operations in Australia and Southeast Asia respectively, including driving the company-wide growth strategy, guiding customer engagement, developing talent and maintaining strong relationships with regulations.

The two newly created positions will report to Mostapha Tahiri, chief executive officer for Asia-Pacific.

Helyar joins State Street next month, bringing nearly two decades of experience at JP Morgan Investor Services to the firm. Most recently, he was the company’s chief of product development for fund services for Asia Pacific. Helyar has financial services experience in the fields of securities services, pensions and asset management.

Hardy will join State Street next month from Additiv Asia, where he served as general manager for Asia-Pacific, responsible for all operations in the region, including sales, relationship management and product for the Switzerland-based technology provider.

Prior to that, he worked with a number of global asset managers, including five years at BlackRock, nine years at Northern Trust Global Investments and four years at State Street Global Advisors. During his time at BlackRock, Hardy was head of country in Singapore and head of beta strategies, where he was responsible for operations in Southeast Asia, and head of exchange-traded funds and index investments for Asia-Pacific.

“It is essential for us to provide customers with a total solution to help them overcome challenges and grow their business,” says Tahiri. “Our new heads in Australia and Singapore and Southeast Asia will provide clients with all of State Street’s capabilities, from investment service, investment research and trading, to data management and a front-to-back asset service platform.

“With significant hands-on experience working with asset owners and asset managers in Australia and South East Asia, Tim and Kevin understand the unique requirements of our clients in local markets. I am delighted to have such strong leaders in these two key markets as we continue to accelerate our growth in Asia Pacific.”

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