Akira Sugano, the former deputy president of Mizuho Financial Group Inc (Mizuho Financial Group), has formally taken over the reins at Asset Management One, succeeding Yasumasa Nishi as the chief executive officer (CEO) of Japan’s largest asset manager.
Asset Management One had said a month ago that Mr. Nishi would retire as CEO and president on March 31, and that Mr. Sugano would succeed him on April 1.
Mr. Sugano, who joined Asset Management One as a director in March, held various senior positions, including deputy president, executive officer and senior managing executive officer, at Mizuho Financial Group between April 2014 and March 2018.
Prior to that, he was chief financial officer and executive vice president of Japanese video game operator Sega Sammy Holdings Inc.
Asset Management One also announced two other changes to its senior management line-up in March.
Shinichi Aizawa, who joined the company last month, was named as vice president and director on April 1, a day after Akira Noguchi had retired as director and managing executive officer.
Mr. Aizawa was previously senior managing executive officer and chief general manager at Dai-ichi Life Holdings.
Koya Iwabuchi, the former general manager of equity investment at Dai–ichi Life Insurance Company, was installed as executive officer at Asset Management One, also on April 1.
Asset Management One had US$450 billion in total assets under management as at March 2017.
