State Street Announces New Global Head of Private Markets
March 22 2022 - 8:30AM
Business Wire
Industry Veteran Jesse Cole to lead firm’s private markets
segment division
State Street Corporation (NYSE: STT) today announced it has
appointed Jesse Cole as global head of its Private Markets segment.
In this role, Cole will be responsible for defining and executing
State Street’s global strategy for Private Markets and will work
closely with his peers in global sales and the product organization
to manage and grow private markets business across all client
segments. Cole is based out of Chicago, IL and will report to Paul
Fleming, global head of State Street's Global Alternatives
Segment.
“I’m very pleased to welcome Jesse to State Street. He’s a
seasoned leader who joins us at an optimal time to provide
important leadership to our private markets team,” said Fleming.
“Investment in private markets is growing significantly across all
our segments as investors continue to reach for yield in a
low-rate, low-growth environment, and our clients continue to ask
for more private market products. With Jesse’s appointment, we are
confident we have the right team in place to ensure we are meeting
the multifaceted needs of our clients and be able to provide them
with more solutions.”
Cole brings to State Street more than 30 years’ of experience in
private markets, including running global client service
businesses, with expertise in building high performing teams,
developing and executing strategic transformation initiatives in
support of client objectives, and is recognized as an innovator in
developing forward-thinking products to drive growth. Prior to
joining State Street, Jesse served as Managing Director, Global
Shareholder and Fund Services with Goldman Sachs. He also held
operational roles at Invesco and Northern Trust.
In 2021, State Street announced that it has entered into an
agreement to acquire Mercatus, Inc., a premier
front-and-middle-office solutions and data management provider for
private market managers. In connection with the acquisition, the
company launched its State Street AlphaSM for Private Markets
solution which allows institutional investors to fully manage the
entire lifecycle of their infrastructure, private equity, real
estate, private debt and fund of funds investments through a fully
integrated, digital front-to-back, single platform.
About State Street
State Street Corporation (NYSE: STT) is one of the world's
leading providers of financial services to institutional investors
including investment servicing, investment management and
investment research and trading. With $43.7 trillion in assets
under custody and/or administration and $4.1 trillion* in assets
under management as of December 31, 2021, State Street operates
globally in more than 100 geographic markets and employs
approximately 39,000 worldwide. For more information, visit State
Street's website at www.statestreet.com.
*Assets under management as of December 31, 2021 includes
approximately $61 billion of assets with respect to SPDR® products
for which State Street Global Advisors Funds Distributors, LLC
(SSGA FD) acts solely as the marketing agent. SSGA FD and State
Street Global Advisors are affiliated.
© 2022 State Street Corporation - All Rights Reserved
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Media: State Street Brendan Paul
Bpaul2@statestreet.com +1 401 644 9182
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