People Digest: State Street names global biz head; Eastspring Malaysia unit appoints CEO

State Street has hired former Citigroup Asia CEO Francisco Aristeguieta to head its international business while Eastspring Malaysia names new CEO for its Islamic asset management unit.

State Street hires former Citigroup Asia CEO to head international business

Financial services provider State Street Corporation has named Francisco Aristeguieta as chief executive officer for its international business, according to an announcement.

Aristeguieta, who was most recently CEO of Citigroup’s Asia business, will join State Street in July and report to Ron O’Hanley, State Street president and CEO.

Initially based in Hong Kong, Aristeguieta will be responsible for State Street’s business activities outside of the US including driving strategy, stewarding client engagement, developing talent, pursuing growth opportunities and increasing market share as well as deepening relationships with local government officials and regulators.

In addition, he will become a member of the company’s management committee.

Eastspring Malaysia names new CEO

The Malaysian unit of Eastspring Investments Ltd. has hired Khadijah Sairah Ibrahim to head its Islamic asset management arm, Asia Asset Management reported.

As CEO and executive director of Eastspring Al-Wara Investments Berhad, Khadijah Sairah will be responsible for the “growth and development” of the Islamic fund business.

She joins the company from RHB Islamic International Asset Management, where she was head of government-linked companies and public sector for over three years.

Prior to that, she was head of portfolio and investment advisory at Manulife Asset Management for 18 months.

Eastspring Malaysia had 38.3 billion ringgit ($9.31 billion) of assets under management (AUM) as at December 31, 2018, and its Islamic fund management arm had assets of 3.74 billion ringgit.

Eastspring Investments Berhad recently announced the launch of the Eastspring Investments Islamic Equity Income Fund. This is a Shariah-compliant equity fund that seeks to provide a stable income stream with medium to long-term capital growth.

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