Sumitomo Mitsui Trust Holdings Inc, a Japanese monetary holding firm, headquartered in Tokyo, introduced this Monday that it has appointed a brand new Chief Investment Officer (CIO) to its asset administration arm, Akiyoshi Nagashima.
In this new place, Nagashima might be based mostly in Tokyo. In addition to CIO, he will even be accountable for product improvement on the agency, a report by GFM Ltd, a digital writer, said.
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The appointment of Nagashima follows the restructuring of Sumitomo Mitsui’s asset administration arm, which noticed the mixture of its retail and institutional asset administration companies in October final yr.
The new entity that resulted from this merger grew to become the most important asset administration firm in Asia. As of the tip of December 2018, the corporate has $550 billion in belongings below administration.
Akiyoshi Nagashima joined Sumitomo in 1986
Before his present place, Nagashima headed the fairness funding division of the corporate for greater than three years. He initially joined Sumitomo Trust & Banking again in 1986. At the time, he was accountable for threat and asset-liability administration and capital allocation of the financial institution’s correct account.
During his profession, Nagashima has gained in depth expertise in offering Liability Driven Investment (LDI) options to purchasers. He has additionally developed and fostered consumer relationships with varied public pension funds such because the Government Pension Investment Fund (GPIF), the most important pension fund on this planet.
“The focus of our reorganisation has not solely been to supply our purchasers with a complete and high-quality providing to satisfy their altering wants, but additionally to permit us to develop our consumer base internationally. As the most important asset administration firm in Asia, SMTAM is properly positioned to increase its international outreach and place. I look ahead to working with my colleagues to make sure that we proceed to drive progress whereas nurturing our sturdy relationships with current purchasers,” Nagashima stated, in accordance with GFM Ltd’s report.