Benjie Fraser joined State Street as head of asset owners for Europe, the Middle East and Africa, a spokeswoman confirmed.
Mr. Fraser joined the custodian on Monday. Further details about the position were not available.
State Street has $34.4 trillion in assets under custody and/or administration.
Mr. Fraser was managing director and global pensions executive at J.P. Morgan Chase & Co.'s securities services business. A person familiar with J.P. Morgan said there are no plans to replace Mr. Fraser, with the firm taking the opportunity to split its asset owner coverage regionally. Natalie Leaver runs the asset owner coverage team in the U.K.; Dennis Burgers runs the Continental Europe team; Tim Peters runs the team in Central and Eastern Europe, the Middle East and Africa; and Sam Lam oversees the team in the Asia-Pacific region.
J.P. Morgan has $28.6 trillion in assets under custody.
