State Street has confirmed the appointment of Jessica Donohue as global head of its asset owner segment business. Donohue assumes this leadership role following her most recent position leading the global clients division, where she was responsible for relationship management of the firm’s largest and most complex global clients. She will report to Francisco Aristeguieta, chief executive officer of State Street Institutional Services. Donohue will lead a seasoned team of financial services professionals, including Rob Baillie, head of asset owners for North America, Benjie Fraser, head of asset owners for EMEA, and Babloo Sarin, head of asset owners for APAC. The position has been open since Ian Martin retired in 2021. State Street services more than 600 asset owners across pensions, corporations, endowments and foundations globally with more than USD7trn in AuC/A.