State Street appoints ex-Goldman Jesse Cole to lead Private Markets

Rick Steves

The industry veteran has over 30 years of experience in private markets, having joined State Street from Goldman Sachs, where he was Managing Director of Global Shareholder and Fund Services for 22 years.

State Street has appointed Jesse Cole as global head of Private Markets, where he will be responsible for defining and executing State Street’s global strategy for the segment.

He will work closely with peers in global sales and the product organization to manage and grow private markets business across all client segments.

Based out of Chicago, Cole will report to Paul Fleming, global head of State Street’s Global Alternatives Segment.

Jesse Cole joins State Street after 22 years at Goldman Sachs

Paul Fleming, global head of Global Alternatives Segment at State Street, commented: “I’m very pleased to welcome Jesse to State Street. He’s a seasoned leader who joins us at an optimal time to provide important leadership to our private markets team. Investment in private markets is growing significantly across all our segments as investors continue to reach for yield in a low-rate, low-growth environment, and our clients continue to ask for more private market products. With Jesse’s appointment, we are confident we have the right team in place to ensure we are meeting the multifaceted needs of our clients and be able to provide them with more solutions.”

The industry veteran has over 30 years of experience in private markets, having joined State Street from Goldman Sachs, where he was Managing Director of Global Shareholder and Fund Services. He also held operational roles at Invesco and Northern Trust.

He is recognized as an innovator in developing forward-thinking products to drive growth and has run global client service business, built high performing teams, and developed and executed strategic transformation throughout his career.

The company has recently launched the State Street AlphaSM for Private Markets solution following the 2021 acquisition of Mercatus, a front-and-middle-office solutions and data management provider for private market managers.

State Street AlphaSM for Private Markets allows institutional investors to fully manage the entire lifecycle of their infrastructure, private equity, real estate, private debt and fund of funds investments through a fully integrated, digital front-to-back, single platform.

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