Japan asset manager SMAM appoints new CEO
13 May 2014
Category: News, Asia, Global, Japan
By Maya Ando
Sumitomo Mitsui Asset Management (SMAM), a Tokyo-based fund manager with US$100 billion AUM, has appointed Kunio Yokoyama as chief executive officer and president.
He replaces Ryoji Maeda, who had led SMAM since 2007. Mr. Maeda has subsequently been appointed as chairman of the fund, effective April 1, 2014.
Mr. Yokoyama began his investment career after joining Sumitomo Mitsui Banking Corporation in 1981, where in 2001 he led the group’s merger with Sakura Bank.
He temporarily left Sumitomo in 2007, when he was appointed as executive director at state-owned Japan Post. Mr. Yokoyama was one of the key players in the company’s privatisation.
SMAM has offices in Hong Kong, Shanghai, Singapore, London and New York.