Nikko Asset Management has appointed Lu Qiumei as China chairwoman, a newly created position in which she will lead the company’s expansion in the onshore market.
Lu, who was a non-executive director at Rongtong Fund Management, a joint venture between the Japanese asset manager and China’s New Time Securities, took on her new role on March 17.
She will work closely with Allen Yan, chief financial officer and global head of strategic planning, and Eleanor Seet, head of Asia ex-Japan, the company says in a statement on March 23.
She reports to Stefanie Drews, Nikko’s global group president.
“As a global citizen with Asian DNA, we’re proud to team up with Ms. Lu to present our wide range of capabilities with strong track records that Chinese investors are looking for, including global equities, thematic equities, Japan equities, Asia ex-Japan equity and fixed income,” Drews says in the statement.
Nikko Asset Management had US$203.9 billion of assets under management as of December 2022.
