State Street Global Advisors has named James MacNevin as head of its Asia Pacific business, replacing Lochiel Crafter, who has been promoted to a global role.
MacNevin, who joined SSGA in 1994, has recently served as chief operating officer for the Asia Pacific.
“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 [exchange-traded fund] and establishing our presence in India,” said Cyrus Taraporevala, president and chief executive.
Based in Sydney, MacNevin will report to Crafter, who has become head of the global institutional group in charge of institutional distribution around the world.
State Street Global Advisors, the asset management division of State Street, had $2.8 trillion under management at the end of 2017.
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