Boston-headquartered asset servicer State Street has appointed heads for its Hong Kong and Taiwan businesses – both newly created roles.

State Street promoted Pauline Wong to head of Hong Kong and Ilona Chen to head of Taiwan, according to a statement, effective immediately. 

In their newly created roles, Wong and Chen will report to APAC chief executive Mostapha Tahiri.

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Wong joined State Street in 2011 and was most recently Asia Pacific lead for the firm’s client program office. She has more than 20 years of financial services experience, having previously worked in various roles at HSBC across trusts, private banking and securities services in Asia.

Chen joined State Street in 1993 and helped establish the firm’s asset servicing business in Taipei in 1995. She was most recently the Greater China head of institutional services at the firm.

«State Street has been supporting clients in Hong Kong for almost 40 years and in Taiwan since 1995,» said Tahiri. «It’s our ambition to continue to support our clients in these two markets to achieve their growth objectives by bringing them all State Street’s solutions and integrated value proposition.»