State Street Corporation has appointed Kamal Jandu as head of insurance services for Asia Pacific (APAC).
In this newly-created role, Jandu is responsible for defining and executing State Street’s regional insurance services strategy, helping to maintain and grow the insurance services business.
Based in Hong Kong, Jandu will report to Ivan Matviak, global head of insurance solutions based in Boston, and Ian Martin, head of global services and global exchange for APAC.
Jandu has 30 years of experience in the financial institutions' sector globally.
He joined State Street from Citibank, where he was the senior client manager for the insurance sector, managing regional client relationships for the Securities Services business.
Matviak said: “Our research shows that insurers are concerned their competitors may beat them to new growth opportunities if they can’t become operationally agile. The slowdown of economic growth and the ageing population in APAC are intensifying the challenges insurance companies face in the region.”
He said: “Improving returns to meet long-term liabilities is one of their key priorities. With deep experience and knowledge in the insurance sector, Jandu will partner with our clients to help them upgrade their data infrastructure so they can identify and drive efficiencies, enhance their investment capabilities and better manage their risk.”
