Keogh will be based in Hong Kong, where he will lead hedge fund, private equity and real estate businesses in Asia Pacific.

He was previously senior managing director for State Street’s hedge fund servicing business, based in Europe.

Keogh joined State Street in 2012 from Goldman Sachs, as part of State Street’s acquisition of Goldman Sachs Administration Services (GSAS). Prior to that, he was head of the GSAS business in Europe and Asia where he established offices in Ireland, Hong Kong and Singapore.

The executive has a total of two decades experience in financial services and has spent the last 14 n the hedge fund industry.

Bhagesh Malde, senior managing director for State Street’s Alternative Investment Solutions business said, “Asia is one of the most significant growth areas for our alternative servicing business …State Street’s recent global research shows that more capital has been flowing into alternative assets and this looks set to continue”.

Malde reiterated the relatively long-held view that institutional investors are seeking and 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.

State Street established a presence in Asia Pacific as an alternative funds service provider when it acquired Mourant International Finance Administration (MIFA) in 2010, with locations in Hong Kong and Singapore.  In Asia Pacific, State Street currently offers real estate, hedge fund and private equity servicing in mainland China, Hong Kong, Singapore, Tokyo, and Australia.

State Street has 1,291 bln usd AuAd (Assets under Administration) as of 30 June 30, 2014). 

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