First it was regional CIO Lochiel Crafter returning to Sydney to run the ARIA funds, then international business head Mark Lazberger leaving London for the Colonial First State GAM top spot – now another senior Australian import within State Street Global Advisors is homeward bound.
As part of a reshuffle to cover Lazberger’s responsibilities, Bernard O’Reilly will expand his regional managing director responsibilities to include Japan, a country Lazberger had previously covered. As part of the promotion, Reilly – whose 16 years at SSgA include a stint as managing director Australia – will relocate from Hong Kong to Sydney later this year. Reilly was on leave and unavailable to comment at presstime. Meanwhile Greg Ehret, SSgA’s head of European sales and distribution, has been promoted to business head for Europe, Middle East and South Africa.
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Investments
Some investors are “missing the point” of geopolitical risks by equating them to the disruptions from conflicts and wars, according to GIC chief economist Prakash Kannan, but in reality, geopolitical risk is no longer episodic or peripheral. This means investors need to think harder about inflation and country composition in their portfolio.






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