Summary
Overview
Work history
Education
Skills
Timeline
Generic
SURESH RAJA GOPAL

SURESH RAJA GOPAL

Heliconia,Singapore

Summary

I am a passionate and accomplished leader with a highly inclusive leadership style. I have a proven track record in developing and managing strategic organizational capabilities and processes relating to custody, fund administration, investment management outsourcing and transfer agency. My experience encompasses traditional assets, digital securities and cryptocurrencies.

Additionally, I have experience in governance having served as Deputy General Manager of the State Street Bank & Trust Singapore Branch and as executive director on a number of State Street legal entities across Southeast Asia.

I am highly adaptable to change and will always rise to new challenges.

Overview

23
23
years of professional experience

Work history

Chief Operating Officer

Propine Technologies Pte Ltd
08.2021 - Current
  • General Management responsibilities for Propine's business overseeing Customer Experience Management, Digital Operation (Digital Custody and Digital Asset Servicing) Compliance, Human Resources and Finance
  • Key contributor to sales activities, leading the preparation of customer rate cards
  • Ensure compliance with our Capital Market Services licensing obligations
  • Oversee vendor management activities
  • Oversee contract preparation and negotiation with clients and vendors
  • Oversee the program and/or project management activities for client mandates

Accomplishments

  • Established the operations framework within Propine to provide custody and digital asset services including on-boarding of new customers enabling the take-on of 15 new customers within 6 months
  • Instill an attitude of teamwork and collaboration for productive working relationships for 50+ staff over 6 jurisdictions
  • Administered management tracking systems to effectively.monitor, evaluate and report operational progress against strategic objectives
  • Negotiated and drafted multiple contracts with clients and vendors
  • Established practices and policies such as Town Hall Sessions and HR policies to promote Propine's vision and culture
  • Led efforts to restructure the Propine business, migrating technology as a service to a new business entity and supporting the successful take-on of its first SaaS client.

Executive Director / Partner

AlfaSec Advisors Pte Ltd
03.2020 - 01.2022
  • Assist with the strategic and general management activities of the firm
  • Originate client mandates, bids, statement of works and propose estimates to develop the business franchise of the firm
  • Contribute and assist with development of solutions for mandates
  • Conduct program and/or project management activities for mandates
  • Conduct market assessments, market surveys and produce research pieces on behalf of AlfaSec and/or clients
  • Manage client relationships with a focus on developing long term strategic relationships

Accomplishments

  • Jointly led the restructuring of the business introducing Non-Executive Director and Executive Coaching Services
  • Through the introduction of these services, revenue increase monthly revenue grew by approximately 500%
  • Jointly led the efforts to win 2 Non-Executive Director Services mandates, 4 Executive Coaching mandates in the first 9 month and 4 consulting mandates
  • Jointly led market review exercises on behalf of our clients, increasing their brand exposure - 42K+ impressions on LinkedIn and 2000+ emails distributed as part of the outreach campaign
  • Wrote and publish 5+ thought leaderships pieces on behalf of AlfaSec Advisors
  • Successfully completed the Australian Institute of Company Director's Company Directors Course.

Regional Head of Product and Strategic

State Street Corporation
07.2017 - 03.2020
  • Direct oversight of the APAC Product Management Team and associated regional product P&Ls across the APAC jurisdictions
  • Drove product solutions in region to support revenue generation opportunities
  • Member of State Street Global Service APAC Leadership team contributing to the development and management of the regional strategy
  • General management responsibilities for functional product teams in region such as Transfer Agency, Financial Reporting and Tax Services, and Performance and Analytics products
  • Led and directed State Street's new market entry strategies for jurisdictions such as Malaysia and China
  • Served as Executive director on State Street legal and trust entity boards in Singapore, Brunei and Malaysia

Accomplishments

  • Build a regional product team of 6 individuals providing product management support State Street's asset servicing business in APAC, that generates approximately USD 300M in revenue
  • Led the efforts to progress State Street's China Market entry strategy, targeting USD 35M-USD50M in additional revenue. Additionally led the efforts to define and design the accounting and custody solution in China
  • Successfully led the efforts to obtain the foundational license (RMB business license and FX Qualification licenses) to progress our China market expansion activities in 2020
  • Established Offshore Fund Servicing capability in APAC to service entities in Cayman, BVI etc. targeting USD 25M to USD 40M in new revenue in the first 5 years

Deputy General Manager

State Street Bank & Trust Singapore
11.2015 - 11.2017
  • Branch Management for State Street Bank & Trust Company - Singapore Branch
  • The Branch has 240 staff and an annual asset servicing revenue of approximately USD 26M
  • Responsible for the First Line of Defence in the Singapore Branch and Deputy Chair of Branch Management Committee
  • Lead regulatory compliance initiatives on behalf of the Singapore Branch
  • As required, liaise with the local regulator, Monetary Authority of Singapore
  • Program managed 2 multi-year business transformation initiatives in Japan and Australia with an approximate total budget of USD 7 M

Accomplishments

  • Oversaw the branch activities that consisted of approximately 8 business lines, 260+ staff and generated approximate USD 26M in revenue, with zero regulatory breaches in the 2 years
  • Established a new governance model for the Singapore Branch - instituting new committees and charters in order to comply with increased regulatory expectations
  • Led preparations for MAS supervisory inspection in 2015, receiving a successful rating for the Branch
  • Led efforts to ensure compliance with MAS Outsourcing Guidelines 2017 and AML/KYC
  • Successfully led the execution of the first phase of the regional transformation initiatives that delivered an annualised savings of USD 1.7 M
  • Successfully program managed State Street's first Singapore based asset manager with approximately USD 6B in assets under management
  • Improved staff awareness by chairing monthly discussions on target progress, policy updates and quality standard control measures.
  • Chaired the Corporate and Social Governance Committee, organizing staff social and engagement events improving staff engagements.
  • Coached and development new and existing talent by monitoring performance and providing meaningful feedback - generally mentoring 6 staff at any given time.

Senior Vice President

New Ventures
07.2013 - 02.2016
  • Participated in the evaluation of new market and business opportunities, providing recommendations to steering committees
  • Led due diligence activities associated with new opportunities to drive business revenue and expand business footprint
  • Resolved business and project related issues identified during the course of the evaluation and due diligence efforts

Accomplishments

  • Led the due diligence activities related to establishing a joint venture in India
  • The franchise had projected sales revenue of USD 11.4M
  • Led the development of a business case and plan to support the expansion of our Collective Funds service offerings in an ASEAN market targeting AUM USD 70B
  • Led the implementation of the Salesforce, sales and client relationship application across 11 countries in the APAC region
  • Successfully obtaining the relevant regulatory approvals in these markets to progress our efforts.

APAC Head of Product and Projects

State Street Corporation
04.2009 - 06.2013


  • Directed development and deployment of new product capability for State Street Global Services (SSGS) division within APAC
  • Program managed the SSGS portfolios of projects
  • Represented SSGS APAC on the Global Demand Board, and co-chaired APAC Demand Board
  • Chaired The Demand Board was responsible for determining technology development priorities

Accomplishments

  • Established a team of 5 product managers and 7 project managers and business analyst to manage the product and project function for SSGS APAC , supporting a revenue growth target of USD 50M per annum
  • Established a regional demand process in 2009 in order to manage the discretionary budget for business and IT initiatives
  • Led the efforts to deliver USD 25M in business benefit through effective management of the Demand Management process
  • Program managed the SSAL's re-entry into servicing superannuation funds - 9 new product offerings were deployed within a year, contributing to SSAL's efforts in winning 3 large mandates with AUD 70B assets under custody ( 3 of the Top 10)
  • Served a mentor in a Professional Women's Network in Sydney

Other Roles Held

State Street Corporation
Sydney, Paris, Hong Kong
09.2000 - 09.2000

Further information on the roles prior to April 2009 is available upon request


Chief Operating Officer (Asia ex Japan) - SSGS Fund and Investment Operations

Director of Information Technology - State Street Banque Paris

Various Technology an Fund Operation Roles

Education

MBA - International Business Stream

University of New England

Dip - Information Technology

University of Southern Queensland

Skills

  • General management
  • Budget management
  • Fund and custody operations
  • Planning and execution
  • Managing multi-disciplinary teams
  • Customer service improvement solutions
  • Stakeholder and client experience management
  • Financial planning and strategy
  • Business administration
  • Strategic business acumen
  • Contract negotiation
  • Effective leadership skills

Timeline

Chief Operating Officer

Propine Technologies Pte Ltd
08.2021 - Current

Executive Director / Partner

AlfaSec Advisors Pte Ltd
03.2020 - 01.2022

Regional Head of Product and Strategic

State Street Corporation
07.2017 - 03.2020

Deputy General Manager

State Street Bank & Trust Singapore
11.2015 - 11.2017

Senior Vice President

New Ventures
07.2013 - 02.2016

APAC Head of Product and Projects

State Street Corporation
04.2009 - 06.2013

Other Roles Held

State Street Corporation
09.2000 - 09.2000

MBA - International Business Stream

University of New England

Dip - Information Technology

University of Southern Queensland
SURESH RAJA GOPAL