Mr MacNevin will be responsible for leading the Intermediary Business’ expansion into the region.
The Intermediary Business partners with financial intermediaries to offer a range of institutional investment capabilities, separate accounts, mutual funds and exchange traded funds.
In his new role, Mr MacNevin will play a key part in managing client-facing staff as well as positioning and promoting a full range of solutions.
He will work closely with product development, distribution, marketing, research and the capital markets teams to deliver tailored investment products and support.
Mr MacNevin will be responsible for driving strategic direction and ensuring SSgA’s intermediary strategy is executed and will also continue in his role as chief operating officer of the Asia-Pacific.
He has more than 20 years of experience in leadership roles across the asset management industry and has headed a variety of major strategic initiatives for State Street, including the launch of the SPDR ASX 200 Fund in 2001.
Prior to his role as chief operating officer for the Asia-Pacific Mr MacNevin was international head of operations and technology for SSgA in London.
SSgA head of Asia-Pacific Lochiel Crafter said the growth of Asia-Pacific’s high net worth individuals has outpaced the US and Europe by double in the past few years.
“This strong growth has positioned the region to become the world’s largest wealth market in the coming years,” said Mr Crafter.
“While the Asia-Pacific intermediary channel is far from homogeneous, the conversation has shifted from one that starts with products alone to one that focuses on a better understanding of objectives and finding the best ways to meet those goals.”
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