Location: Boston

Across the globe, institutional investors rely on State Street to help them manage risk, respond to challenges through solutions, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged professionals are essential to our success.

Our commitment to maintain an environment where every employee feels valued and able to meet their full potential infuses our company values. It’s also part of our commitment to inclusion, development and engagement, and corporate social responsibility. You’ll have tools to help balance your professional and personal life, paid volunteer days, and access to employee networks that help you stay connected to what matters to you.   Join us.

Position Overview

Private Markets is a rapidly growing set of asset classes across the globe, with material growth being experienced by GP fund sponsors, ambitious expansion of portfolio allocations into the asset classes by LP’s, and a proliferation of new product types and private investments being held in public vehicles.  The ability to successfully face off with investment managers, investors and allocators in this space requires deep knowledge across scores of fund structures and investment types, expertise in complex allocations and waterfall calculations, global fund and distribution awareness, and all of these skills must be brought to bear to create and deliver solutions for clients in an increasingly complex private markets ecosystem.  Equity is the largest sub-segment of the Private Markets industry.  Private equity investments are increasingly housed in a variety of legal entity structures that go beyond the traditional GP/LP structure, including fund-of-funds, GP stakes funds, secondaries funds, and semi-liquid vehicles.  Moreso than any other Private Markets sub-asset class, private equity funds also tend to have their fund accounting and recordkeeping self-administered within the Investment Manager’s operation. 

This Senior Vice President position will report directly to the Executive Vice President, Global Head of Alternatives in State Street’s institutional services division.  The position will also collaborate closely with operating teams providing fund administration, custody, transfer agency, trustee services and analytics to PM managers.  Additionally the position will collaborate closely with State Street’s global credit finance and global markets FX trading teams to bring State Street’s balance sheet to complement fund servicing mandates, as well as State Street’s Data Solutions teams.

Primary Responsibilities

The Cross-Private Markets Product Lead will have broad responsibilities on a client-facing basis in the market communicating State Street’s capabilities and innovation roadmap to clients and prospects and working with colleagues to drive technical solutioning that ultimately leads to an increase in commercial wins for the firm.  The Cross-Private Markets Product Lead will be expected to collaborate closely with global heads of Private Equity, Private Credit, Real Assets as well as regional heads globally to drive business growth.  This SVP will also collaborate closely with commercial teams and operating teams to drive superior outcomes for State Street and our global private markets clients and prospects.

Job Requirements and Minimum Qualifications

20+ years experience desirable

Depth of experience in Private Equity, Private Credit and Real Assets required; either from asset servicing, or directly from within Private Markets and Fund employers

Demonstrable experience managing and growing a commercial revenue line

Strong Private Markets network, especially in the highly concentrated NY market.

Outstanding Leadership skills

Are you the right candidate? Yes!

We truly believe in the power that comes from the diverse backgrounds and experiences our employees bring with them. Although each vacancy details what we are looking for, we don’t necessarily need you to fulfil all of them when applying. If you like change and innovation, seek to see the bigger picture, make data driven decisions and are a good team player, you could be a great fit.

About State Street

What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.

Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You’ll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.

Inclusion, Diversity and Social Responsibility. We truly believe our employees’ diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.

State Street is an equal opportunity and affirmative action employer.

Salary Range:

$225,000 - $337,500 Annual

The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.

Job Application Disclosure:

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.

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