State Street has appointed Jesse Cole as global head of its private markets segment. In this role, Cole will be responsible for defining and executing State Street’s global strategy for private markets and will work closely with the global sales and product organisations to manage and grow private markets business across all client segments. Cole is based in Chicago and reports to Paul Fleming, global head of State Street’s global alternatives segment.
Cole brings to State Street more than 30 years’ experience in private markets, including running global client service businesses, Prior to joining State Street, he served as managing director, global shareholder and fund services with Goldman Sachs. He has also held operational roles at Invesco and Northern Trust.
In 2021, State Street announced its agreement to acquire Mercatus, Inc., a front-and-middle-office solutions and data management provider for private market managers. In connection with the acquisition, the company launched its State Street Alpha for Private Markets solution which allows institutional investors to 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.