07/12/2011 Author: Kirstie Brewer

State Street appoints new head of operations for alternatives team  

State Street Corporation has hired Paul McLaughlin as head of operations for the Alternative Investment Solutions team in Guernsey, as the financial services provider looks to build out its presence in Europe, Middle East and Africa (EMEA).

McLaughlin brings more than 15 years of experience to the role and joins from BNY Mellon in Dublin, where he headed up the alternative investment servicing fund of funds and private equity for EMEA.

Commenting on his new appointment, McLaughlin said: “Guernsey has a vibrant and sophisticated funds industry and I am delighted to have the opportunity to join State Street and help to grow its offering at such an interesting time for the industry. With the increasing trend to outsource fund administration, I see many opportunities for the Channel Islands with its unique position outside the European Union.”