Nikko Asset Management is separating out its chairman and CEO roles, and has appointed ex-Nomura executive Takumi Shibata as director and chairman ahead of a planned IPO.
Shibata (pictured) will be nominated at the annual shareholders' meeting (AGM) at the end of June. Following approval, he will be appointed to the new position from the beginning of July onwards, while Charles Beazley will remain president and CEO. Shibata and Beazley will together form a new leadership team for Nikko AM and position the company ahead of its IPO. Shibata will be in charge of governance related matters, and Beazley continues to be responsible for executing the business strategy and day-to-day management of the business. With two senior executives recently retiri...
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