Nikko AM appoints new executive vice chairman

25 September 2013   Category: News, Asia, Japan   By Asia Asset Management

Nikko Asset Management (Nikko AM) has named former Mizuho Securities adviser Hideo Abe as executive vice chairman, as part of a broader shuffle among senior management. 
 
In the newly created role, Mr. Abe will help enhance the company’s executive-level marketing capability as it seeks to reach a wider range of institutional and retail investors in both the Japanese market and overseas. The 36-year veteran of the financial services industry will be based in the company’s Tokyo headquarters. 
 
“As a highly experienced senior executive in world-class financial institutions, Mr. Abe has a distinguished track record in cultivating relationships with clients, and we look forward to working with him,” says Takumi Shibata, executive chairman of Nikko AM.  
 
“To fulfil our pledge to be Asia’s leading independent asset management company, we are determined to upgrade our access to clients on a global basis, and this is an area where Mr. Abe has demonstrated particular expertise,” says Charles Beazley, president and chief executive of Nikko AM. “The management team will gain from his insights and valuable network in the financial industry.”
 
Mr. Abe served as an adviser and deputy president at Mizuho Securities between 2008 and 2013. Prior to that, he was a board member at Nikko Citigroup, where he also served as chief executive officer from 2004 and 2008. 
 
Separately, Nikko AM has streamlined the responsibilities of Ross Long. He was previously chief legal officer, chief compliance officer and head of compliance; and is now set to focus more heavily on the chief legal officer role. The positions of chief compliance officer and head of compliance will be filled by Mitsuaki Hasegawa. The appointments will be effective from October 7.