State Street has promoted Ken Shaw to head of ETF solutions for EMEA following the departure of Ciaran Fitzpatrick to JP Morgan.
Shaw, previously ETF product development and change manager, will now be responsible for the strategic direction and ETF product capabilities in the region.
He has spent over two decades at State Street, starting out as a senior fund accountant in 1999.
Announcing his appointment on LinkedIn, Shaw said: “I cannot believe it is over 15 years since we started our ETF servicing journey in Europe.
“I am proud of all the partnerships and achievements along the road since then and delighted to now be given the opportunity to lead our European ETF product solutions group.”
Fitzpatrick, who spent nearly two decades at State Street, took on the role of global head of ETF product management in the securities services division in July.
Commenting on the appointment, Frank Koudelka, senior vice president and global ETF product specialist, said: “We are delighted to have appointed Ken as our new head of ETF solutions, EMEA. With over 25 years of experience in the financial services industry, Ken has long been a valued member of the State Street ETF Solutions team.
“Ken will be responsible for establishing the strategic direction and execution of our ETF product capabilities, driving growth and innovation and providing exceptional client support in the region."
In February, State Street expanded its Fund Connect ETF portal to clients in Europe and Asia Pacific via upgrades to its Application Protocol Interface (API).
The group now offers its Fund Connect ETF API to a global client base, having already been available in the US and Canada.
