State Street hires John Venardos to expand Portfolio Solutions Business
State Street Corporation (NYSE:STT) has announced the appointment of John Venardos as Managing Director, Portfolio Solutions.
Venardos will join State Street to support the growth strategy of the business, which involves expanding our APAC presence across Transition Management, Currency Management, Execution Solutions and Exposure Solutions.
Commenting on the appointment, James Woodward, head of Portfolio Solutions for State Street Global Markets in Asia Pacific, said: “We are thrilled to welcome John to our team. John has tremendous knowledge and experience in our industry which will enable us to deepen the focus and resources we bring to our clients.”
“The landscape is shifting as clients navigate the changing macro environment, industry consolidation, margin compression and new regulatory demands,” said Woodward. “The addition of John to the team will add a depth of experience that ensures their changing expectations continue to be met.”
Venardos said he looked forward to joining State Street’s high-calibre team. “I feel energised at the prospect of working with such a talented group, backed by State Street’s global scale and leading technology platform.”
Venardos most recently worked for Russell Investment Management as Managing Director, Head of Implementation Asia Pacific.
Venardos starts his new role at State Street on 6th June. Based in Sydney, he will report directly to James Woodward.
He is a Senior Fellow at the Institute of Accountants, a Fellow Member of FINSIA and a Member of the Australian Institute of Company Directors.
