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.
Future Fund chief investment officer Ben Samild said that FY24 has been a great year for alpha creation, thanks to strong returns in equities and, unusually, across multiple hedge fund strategies all at the same time. He reflected the past few years have been “a difficult time to be an asset owner and to generate positive returns for risk assets” but the Future Fund is tracking well of its long-term mandate.
Simon Hoyle and Darcy SongSeptember 4, 2024
