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.
01/07/2008
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Alternatives
The chief investment officer of the $150 billion industry super fund says that Hostplus’ portfolio will weather the ongoing downturn in software companies and that moves by a number of large private credit managers to gate their funds are a result of the asset class being offered to retail investors who should not have assumed the funds would be liquid enough to get money out when everybody else is trying to do the same.
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