New Head of APAC named at SSGA

State Street Global Advisors (SSGA), the asset management business of State Street, has announced the appointment of James MacNevin as head of Asia Pacific, effective immediately.

MacNevin, currently chief operating officer for the region, replaces Lochiel Crafter, who has been named head of the Global Institutional Group, with responsibility for SSGA's global institutional distribution, based in Boston.

In his new Sydney-based role, MacNevin will report directly to Crafter.

MacNevin has more than 30 years' asset management industry experience. He joined State Street Global Advisors in 1994 and, prior to his role as Asia Pacific chief operating officer, served as international head of operations and technology based in London.

Commenting on his new role, president and chief executive officer of SSGA, Cyrus Taraporevala, said: "James is a 20-year veteran with the firm and has held a wide variety of roles across the globe including leading the launch of Australia's first ETF and establishing our presence in India."

"His multi-disciplinary experience and record of success in the Asia Pacific region make him an ideal successor to Lochiel. 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."