State Street Global Advisors has appointed a new head of Asia Pacific to replace Lochiel Crafter, who is taking on a global distribution role.
James MacNevin, SSGA Asia Pacific's senior managing director and chief operating officer, will take on the top role in the Asia-Pacific region effective immediately, replacing Lochiel Crafter.
The promotion comes as Mr Crafter takes up the role of head of SSGA's Global Institutional Group in the company's headquarters in Boston, with responsibility for the group's institutional distribution around the world.
Mr MacNevin has been with SSGA since 1994 in a variety of senior positions spanning Sydney, London and Bangalore, such as managing director, chief operating officer, and head of investment operations.
As head of Asia Pacific, Mr MacNevin will continue to report to Mr Crafter.
Commenting on the appointment, SSGA president and chief executive Cyrus Taraporevala said Mr MacNevin's "multi-disciplinary experience and record of success in the Asia-Pacific region" made him a worthy successor of Mr Crafter.
"Asia-Pacific is critical to our global strategy and we believe his experience and knowledge of our business will add tremendous value as we continue to develop and enhance our offerings to institutional and retail clients in the region," Mr Taraporevala said.
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