Nomura AM makes senior management changes

14 March 2014   Category: News, Asia, Japan   By Maya Ando

Kunio Watanabe is to replace Toshihiro Iwasaki as CEO of Tokyo-based Nomura Asset Management, effective April 1.

Mr. Iwasaki, who has spent the last three year’s strengthening the firm’s overseas capabilities, will take up the role of senior managing director of parent company Nomura Holdings' China business. Mr. Watanabe is currently senior corporate managing director and head of the firm’s overseas clients division.

As of the end of December 2013, Nomura Asset Management had 36 trillion yen (US$351 billion) in AUM, making it the nation’s largest independent investment manager.