SSgA appionts Intermediary Business head
State Street Global Advisors (SSgA) this week made a key Asia Pacific appointment.
The asset management business of State Street Corporation named James MacNevin as the head of its Intermediary Business Group - Asia Pacific, saying he would lead the firm’s expansion in this channel within the region.
The announcement described SSgA’s Intermediary Business Group as having the mission is to partner with financial intermediaries to “deliver an array of institutional-calibre investment capabilities, offers separate accounts, mutual funds and exchange traded funds (ETFs”
It said that via the extension of this structure through the newly-created position based in Sydney, MacNevin would be responsible for driving strategic direction and ensuring execution of SSgA’s intermediary strategy.
The announcement said that, additionally, he would continue in his role as chief operating officer, Asia Pacific and report to Lochiel Crafter, head of Asia Pacific, and Jim Ross, global head of SPDR ETFs and Intermediary distribution.
AUTHOR
Mike Taylor
Recommended for you
The FSCP has announced its latest verdict, suspending an adviser’s registration for failing to comply with his obligations when providing advice to three clients.
Having sold Madison to Infocus earlier this year, Clime has now set up a new financial advice licensee with eight advisers.
With licensees such as Insignia looking to AI for advice efficiencies, they are being urged to write clear AI policies as soon as possible to prevent a “Wild West” of providers being used by their practices.
Iress has revealed the number of clients per adviser that top advice firms serve, as well as how many client meetings they conduct each week.
