State Street appoints MD for portfolio solutions

Macquarie Group's Elliot Graham is joining State Street as managing director of the portfolio solutions team. Graham brings significant credentials to the transition management team, having spent the last five years as transition manager for Macquarie and holding similar roles with NAB and J.P. Morgan.

This is a return to State Street for Graham, who held client and accounts roles with the business in London and Australia from 1999-2006.

State Street Global Markets head of portfolio solutions James Woodward said they were delighted to have Graham join the team. "He knows this business well and has extensive experience both from a client and transition provider perspective. This appointment continues our focus on hiring the industry's best people to service our clients."

"Transition management is a key business for State Street and for our clients. We have an experienced, cross-regional team and an agency model, which enables us to provide access to multiple liquidity channels. With widespread consolidation amongst superannuation / pension funds, together with ongoing changes to asset allocation and manager line ups, State Street is well placed to continue helping funds with their changing portfolio requirements."

Graham will join State Street in November.