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Nikko AM continues to expand investment team
Nikko Asset Management (Nikko AM) has appointed Yu-Ming Wang as international chief investment officer to manage global investment teams outside of Japan.
Incumbent head of active investments Hiroki Tsujimura has been promoted to chief investment officer - Japan.
Wang's appointment is a part of the asset manager's expansion plans and will see him responsible for growing Nikko AM's international investment capabilities and developing new strategies, particularly in regards to the company's Asian alternative fixed income and bank loans.
Formerly of Manulife Asset Management, Wang headed up its award-winning Asian fixed income team.
Wang managed fixed income portfolios on behalf of insurance companies and asset managers between 1994 and 1998 when he co-founded investment firm Structured Credit Partners LLC (now a subsidiary of Wachovia Corporation).
Over six years, Wang took on a number of positions and grew the firm from six employees to more than 120 fixed income professionals. He orchestrated the first pan-Asian bond fund, the first RMB bond fund and the first global REIT fund in Taiwan.
Tsujimura has over 20 years experience in the investment and financial industry. He joined Nikko AM as its global head of alternative investments and chief investment officer for Nikko Asset Management Americas in 1994.
He has also held positions with Nikko Securities Co. International as executive vice president.
Tsujimura will oversee investment management activities in the Tokyo office.
Both appointments are effective 7 January 2013.
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