Most chairmen in the last few months of their tenure might be
forgiven for winding down their workload and brushing up on their
golf swings.
Not so State Street's 60-year-old Marshall "Marsh" Carter, who has
cemented a two-year relationship with China's largest bank by
signing a groundbreaking asset management deal.
Looking to the huge future potential of the Chinese investment
market, State Street is allying with the Industrial&Commercial
Bank of China. Under the deal ICBC is appointing State Street as
its external asset manager and will also provide support and advice
to the US bank on breaking into...
