State Street Global Advisors Appoints Lochiel Crafter as New Head of Global Institutional Business
March 01 2018 - 2:50PM
Business Wire
James MacNevin to Assume Role as Head of State Street Global
Advisors in Asia Pacific
State Street Global Advisors, the asset management business of
State Street Corporation (NYSE: STT), today announced that
Lochiel Crafter has been named head of its Global
Institutional Group, effective immediately, responsible for
distribution efforts across the world. Crafter, who will be based
in Boston, previously served as head of Asia Pacific for State
Street Global Advisors, and assumes his new role from
Cyrus Taraporevala, who was recently named president and chief
executive officer of State Street Global Advisors. Crafter will
report to Taraporevala.
“Lochiel has been an extremely important thought partner to me
and a key part of our leadership team these past few years,” said
Taraporevala. “He has a unique background in our industry,
including experiences not only on the distribution and investment
management front, but also as a client. That mix of perspectives is
something we’ll benefit greatly from as we continue to focus on
serving our clients’ evolving needs.”
Crafter is a nearly 30-year financial services industry veteran
and member of State Street Global Advisors’ executive management
group. Prior to leading State Street Global Advisors in Asia
Pacific for the past five years, Crafter served as chief investment
officer in the region for seven years. Prior to that, he served as
chief executive officer of a large Australian superannuation fund.
Crafter holds the Chartered Financial Analyst® designation. He
earned his master’s degree from the University of Melbourne, and
his bachelor’s degree from the University of New South Wales.
James MacNevin, who has been with State Street Global Advisors
for 20 years, will take over for Crafter as head of Asia Pacific,
also effective immediately. MacNevin most recently served as chief
operating officer for the region and prior to that held a wide
variety of roles across the globe. Among other accomplishments,
MacNevin helped lead the launch of Australia’s first Exchange
Traded Fund and established State Street Global Advisors’ presence
in India. He will report to Crafter.
“James’ multi-disciplinary experience and record of success make
him an ideal successor to Lochiel,” continued Taraporevala. “Both
of today’s appointments are a testament to the depth of talent we
have at State Street Global Advisors.”
About State Street Global Advisors
For nearly four decades, State Street Global Advisors has been
committed to helping financial professionals and those who rely on
them achieve their investment objectives. We partner with
institutions and financial professionals to help them reach their
goals through a rigorous, research-driven process spanning both
active and index disciplines. We take pride in working closely with
our clients to develop precise investment strategies, including our
pioneering family of SPDR ETFs. With trillions* in assets under
management, our scale and global footprint provide unrivaled access
to markets and asset classes and allow us to deliver expert
insights and investment solutions.
State Street Global Advisors is the investment management arm of
State Street Corporation.
*Assets under management were $2.78 trillion as of December 31,
2017. AUM reflects approx. $35 billion (as of December 31, 2017)
with respect to which State Street Global Advisors Funds
Distributors, LLC (SSGA FD) serves as marketing agent; SSGA FD and
State Street Global Advisors are affiliated.
State Street Global Advisors, One Lincoln Street, Boston, MA
02111-2900.
2043448.1.1.GBL.RTL
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State Street CorporationAndrew Hopkins, +1
617-664-2422Ahopkins2@StateStreet.com
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