State Street Has Named Jesse Cole as Its Global Head of Private Markets

State Street Corporation (NYSE: STT) announced that it has named Jesse Cole as its Global Head of Private Markets.

Recently shared in a press release with Finance Magnates, Jesse Cole, an executive veteran with almost thirty-five years of experience from the financial industry, has been appointed by State Street Corporation (NYSE: STT), the US-based financial services giant, as its Global Head of Private Markets.

Cole brings around a third of a century 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.

He will be in charge of defining and executing StateStreet’s global strategy for Private Markets. In addition, he will closely collaborate with his colleagues in global sales and the product organization to manage and grow private markets business across all client segments. Moreover, he will report to Paul Fleming, global head of State Street's Global Alternatives Segment and be located in Chicago, IL.

A Quick Review of Cole’s Career

Prior to the announcement, Cole served Goldman Sachs as its Managing Director of Global Funds and Shareholder Servicing for more than two decades.

Earlier on, Invesco Ltd. utilised his services as its Vice President for close on two and a half years. Here, he took on the responsibilities for Institutional Operations, Servicing and Transfer Agent.

Cole’s earliest know position was with Northern Trust Corporation also as Vice President. From May 1987, he was responsible for the Mutual Fund Operations.

Reflecting on the announcement, Fleming commented: “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.

“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.”