State Street Global Advisors (SSgA) is transferring Lochiel Crafter, chief investment officer for Asia-Pacific, from Sydney to Singapore. Crafter, who has already relocated to Singapore, will not see any physical change in his job and maintain his role as SSgAÆs CIO for Australia.

Crafter will also maintain his present responsibilities of overseeing investment strategies for the firm, which includes the research and development of investment processes through the Asia-Pacific region. According to SSgA, CrafterÆs move to Singapore facilitates his access to a fast-growing base of sophisticated clients and investment professionals in the region. He will continue to report to Mark Lazberger, the London-based president of SSgAÆs international business.

ôThis relocation of Lochiel provides him with the opportunity to be even more accessible to our clients, prospects and investment professionals in the region,ö says Lazberger. ôIt also underscores the importance of Singapore as an investment centre and its significance to SSgAÆs international business strategy.ö

Crafter joined SSgA in 2001 in this role in Sydney. Prior to joining the firm, he spent three years at AustraliaÆs Westpac Investment Management as investment director, asset allocation. Within this role, Crafter was responsible for strategic asset allocation and managing the development of the asset allocation and performance measurement teams.

Before taking on the role at Westpac Investment Management, Crafter worked at domestic firm Commonwealth Investment Management in Australia as head of quantitative portfolio management and as head of quantitative research at Mercury Asset Management.

Crafter began his career in the investment management industry in 1989 at Ord Minnett Securities and has also worked for State Super Investment and Management Corporation in Australia.

His relocation comes almost two months after Justin Pascoe, SSgAÆs former Hong Kong-based chief investment officer for Asia, left the firm to take on the role of managing director for quantitative product strategy.