State Street Global Advisors (SSgA) has appointed Lochiel Crafter to the newly created role of head of investments for Asia-Pacific.
Crafter will oversee the investment teams in Sydney, Hong Kong, Tokyo and Singapore and is responsible for ensuring coordination across asset classes on common issues of investment processes, research, trading, and developing client-focused solutions, according to SSgA.
He will also manage local product engineering teams and work closely with sales and relationship management.
Crafter joins SSgA from the Australian Reward Investment Alliance (ARIA) where he was the chief executive officer and previously spent seven years with SSgA, most recently as Singapore-based regional chief investment officer for Asia Pacific.
Super funds had a “tremendous month” in November, according to new data.
Australia faces a decade of deficits, with the sum of deficits over the next four years expected to overshoot forecasts by $21.8 billion.
APRA has raised an alarm about gaps in how superannuation trustees are managing the risks associated with unlisted assets, after releasing the findings of its latest review.
Compared to how funds were allocated to March this year, industry super funds have slightly decreased their allocation to infrastructure in the six months to September – dropping from 11 per cent to 10.6 per cent, according to the latest APRA data.