Change at the top for Nikko AM
22 March 2013
News, Asia, Japan
By Asia Asset Management
Nikko Asset Management announced on Thursday (March 21) that the firm's president Bill Wilder has decided to retire at the end of this fiscal year. Effective April 1, Charles Beazley will take over as president as part of the firm’s long-agreed succession plan.
Mr. Wilder joined Nikko AM in 2004 as president and chief investment officer, overseeing the firm’s global investment teams. In January, recent hire Yu-Ming Wang was appointed international chief investment officer and Hiroki Tsujimura was promoted to chief investment officer, Japan, to allow for a smooth transition of Mr. Wilder’s investment oversight responsibilities.
"It is almost nine years ago that I joined Nikko AM," Mr. Wilder commented. "I have seen the company grow from the local Japanese captive asset manager it once was to the now independently managed and internationally acclaimed asset manager it has become. With operations across four continents and eleven countries, Nikko AM has grown to become the largest regional asset manager headquartered right here in Asia. I am very proud to have been a part of such a transformation."
Mr. Beazley, who took over as chairman and CEO in April 2012 and will now also assume the role of president, commented: “Bill’s leadership and contribution to the business has been fundamental to our success. His vision, hard work and the immense experience and talent he brought to Nikko AM has helped navigate the company to the current position we now enjoy. We are extremely appreciative of everything he has done for us and have worked closely with him to ensure that the company has a smooth succession plan that will continue to position Nikko AM well for the future.”
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