Eastspring poaches Deutsche executive to lead Japan business

29 August 2014   Category: News, Asia, Global, Japan   By Daniel Shane

Eastspring Investments has appointed former Deutsche Asset & Wealth Management (DeAWM) executive Tsukasa Sekizaki to lead its business in Japan.

Mr. Sekizaki, who is due to join the fund management arm of Prudential Corporation in mid-September, joins Eastspring Investments Japan as president and chief executive officer (CEO), following the departure of Koji Wada. The latter was only appointed to the role in February last year, and Eastspring said Mr. Wada was leaving “to pursue other opportunities”.

Mr. Sekizaki was most recently president and CEO of Deutsche Trust Company Limited and DeAWM in Japan, spending 12 years at the firm. He has more than 25 years’ worth of financial services experience, including distribution leadership roles at other global fund houses, such as Fidelity Investments.

Eastspring Investments Chief Executive Guy Strapp said that Mr. Sekizaki will play a key role in developing the company’s distribution in Japan.

The company is one of Asia’s largest fund managers, with about US$115 billion in AUM globally. It has a presence in regional markets including Hong Kong, Malaysia, Singapore, Korea, Vietnam and Indonesia.

Eastspring in May made another senior appointment to its Asian operations with the hiring of former FWD Group executive Andy Yang as its head of insurance relationships.