The head of managed fund sales at State Street Global Advisors in Australia is relocating to the US headquarters in Boston for a senior role.
Starting in the new year, Amy Johnston will lead a sales team across the Americas servicing corporates, endowments and foundations. The appointment comes after her five-year stint at SSGA in Australia where she led the asset manager's foray into active retail distribution in the country. From standing start in 2012, she grew the business to a team of nine people and total assets under management of over $880 million across wholesale unit trusts and intermediary managed accounts.
The business has almost doubled its AUM since April this year. According to Rainmaker data, SSGA's active retail distribution was one of the top asset gatherers in 2016. The way she led retail distribution in the competitive Australian market has since been used as part of a business case study for SSGA product sales worldwide.
"Our Australian business today has a strong retail active investment profile and this is a credit to Amy's determination to build a meaningful local footprint that is well-informed by great client relationships," SSGA Asia Pacific head Lochiel Crafter said.
Prior to joining SSGA, Johnston was national sales manager at Goldman Sachs Asset Management.
Promoted to new head of managed fund sales is Syvanna Croyden. She is currently SSGA's sales manager for Queensland and New South Wales until her new role, effective January 1.
Croyden has been at SSGA since August 2015, and has helped develop SSGA's fund distribution strategy alongside Johnston. She has 18 years of financial services experience having worked previously at Credit Suisse, CFS, AMP and Goldman Sachs Asset Management.
"Syvanna has a strong understanding of the issues that advisory market participants face, and under her leadership SSGA will continue its distribution of contemporary active strategies and its consultative approach to engaging with clients," Crafter said.
Johnston's move to the US follows the promotion of fund manager Olivia Engel to SSGA's Boston office early this year.