In this position, Hoult will work with asset managers and asset owners to identify where State Street’s multi-asset class execution capabilities can add value as an outsourced service.

Based in Sydney, Hoult will work with clients across the Asia Pacific region and will be responsible for developing sales strategies as well as contributing to the continued development of the outsourced trading product at State Street.

Commenting on the appointment, James Woodward, head of Portfolio Solutions for State Street Global Markets in Asia Pacific, said:  “Our industry continues to rapidly transform.  Trends such as consolidation, margin compression and changing regulatory demands are putting pressure on costs, which is why outsourced trading is becoming a compelling option for many institutional investors.”

“An increasing number of asset managers and asset owners are likely to move to outsourcing some of their trading. Clients benefit from experienced trading personnel, access to liquidity, state-of-the-art technology and a continued focus on execution quality, without having to build, pay or maintain it for themselves.”

Hoult believes it is an exciting time to be returning to State Street and taking on the role.  He said:  “State Street’s modular-based front-to-back office technology and analytics suite is impressive and enables clients to better leverage their data.”

“I look forward to working with clients to enable them to focus on their core capabilities, like  portfolio construction, while leveraging the scale and liquidity of State Street Global Markets’ global trading platform for implementation.”

An industry professional with more than 25 years’ experience, Hoult was most recently CEO of Basis Global Analytics and prior to this, global head of Trading and Execution Services at Macquarie Securities where he oversaw global portfolio trading, electronic execution and transition management. Before that, he was Asia Pacific head of Agency Execution at State Street Global Markets.

Hoult commenced the role on Monday, 17th May.

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