State Street Japan nabs Gilman from Goldman

Scott Gilman is the firm''s new COO.

After nearly 13 years of service at Goldman Sachs, Scott Gilman has moved from Goldman Sachs Asset Management in Tokyo to State Street Japan as the firm's new chief operating officer.

Gilman is well known in the Japanese investment management community not only for his role as chief administrative officer-Asia for GSAM, but also for his three years as chairman of the investment management subcommittee at the American Chamber of Commerce Japan - a role he continues.

"I decided to expand and broaden my career and my financial services responsibilities," Gilman says. "At Goldman Sachs I was responsible for the investment management business in Japan. At State Street I have the opportunity to broaden that oversight into trust banking, outsourcing, securities lending: a more full financial services responsibility that includes investment management."

He replaces Peter Cherecwich, the COO and deputy president who has served for over three years in Japan and is returning to Boston later this year (and remains deputy president for State Street Japan). Gilman reports locally now to CEO Milton Isa.

Gilman oversees the firm's four businesses, helping to mould strategy and forward client relationships. Those businesses are: State Street Trust & Banking, a trust bank that provides trustee, custodial and outsourcing services, as well as asset management services to trusts; State Street Global Advisors, which provides asset management services to institutional and retail investors; State Street Bank & Trust, a branch of the Boston-based bank providing treasury, forex and other services; and State Street Global Markets, a securities company that specializes in helping institutional investors implement transitions in their portfolios.

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