State Street Appoints Lochiel Crafter as Head of Global Institutional Group
State Street Global Advisors has appointed Lochiel Crafter as Head of Global Institutional Group. He takes over from Cyrus Taraporevala, who was recently named President and Chief Executive Officer of State Street Global Advisors. Based in Boston, Lochiel will report to Taraporevala.
” State Street Appoints Lochiel Crafter as Head of Global Institutional Group “
Prior to leading State Street Global Advisors in Asia Pacific, he was the Chief Investment Officer in Asia Pacific. Before joining State Street, he was the Chief Executive Officer of a large Australian superannuation fund. Lochiel role as Head of Asia Pacific for State Street Global Advisors will be taken over by James MacNevin.
James MacNevin, current Chief Operating Officer in Asia Pacific, will report to Lochiel in his new role as Head of Asia Pacific for State Street Global Advisors. He had been with State Street Global Advisors for 20 years.
Cyrus Taraporevala, Chief Executive Officer of State Street Global Advisors:
“Lochiel has been an extremely important thought partner to me and a key part of our leadership team these past few years. 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.”
“James’ multi-disciplinary experience and record of success make him an ideal successor to Lochiel. Both of today’s appointments are a testament to the depth of talent we have at State Street Global Advisors.”
Source: Official Press Release
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.
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