Ex BlackRock exec named Amundi Japan CIO

21 July 2014   Category: News, Asia, Global, Japan   By Maya Ando

Amundi, the Paris-based asset manager with US$1.1 trillion in AUM, has named former BlackRock executive Yasunori Iwanaga as its new chief investment officer (CIO) for Japan.

Mr. Iwanaga, who joined the company at the start of July, will lead a team of approximately 50 investment professionals out of Tokyo.

He joins Amundi from boutique investment firm Incapture Japan, where he was a consultant between 2013 and 2014. Prior to this, he was managing director and CIO of BlackRock Japan, where he spent 13 years. Mr. Iwanaga has also had stints at NCB Investment Management and Nippon Credit Bank. He replaces former Japan CIO Futoshi Saito, who previously held the position, according to Amundi’s Global Markets Overview on April 2 of this year.

“With 25 years of experience in the financial industry, we are confident that Mr. Iwanaga will contribute to strengthening Amundi Japan’s investment capabilities and the quality of investment solutions,” commented Pascal Blanqué, global CIO of Amundi.

Amundi, which manages about $30 billion out of Japan, said in a statement that it was aiming to increase the AUM of its overseas clients from its current 7% of global assets to 15% within the next two years.

Amundi Japan offers fund distributors and institutional investors in the country products related to active and passive local equity, smart beta and fixed-income, among other services.