State Street Corporation has appointed Jane Kirkland as senior vice president in its investment servicing business.
Kirkland will lead teams dedicated to specialised asset manager servicing, reporting to Gunjan Kedia, executive vice president and head of State Street’s US investment services business.
Specialised asset managers are growing rapidly and Kirkland will lead efforts to enhance solutions for this market segment that in the US represents more than USD1.5 trillion in assets under management. Kirkland joins State Street from her own consulting practice focused on private equity firms, financial institutions and corporate clients. Previously, she was a partner at McKinsey and Company and served as director of knowledge management.
“In our recent survey of asset managers, 43 per cent of North American specialised managers cited the development of new products in their existing markets as their greatest growth opportunity over the next three years,” says Kedia. “Now more than ever, specialised asset managers will need an outsourcing partner with extensive expertise, tailored solutions and a comprehensive technology infrastructure to capture that growth potential. Jane’s expertise will help us as we develop new solutions to support the unique needs of this client segment and help them remain competitive in a rapidly evolving market environment.”