Nikko Asset Management (Nikko AM) has announced its president Bill Wilder is retiring at the end of this fiscal year.
Charles Beazley, who took over as chairman and chief executive officer in April 2012, will also assume the role of president from April 1 2013.
“Bill’s leadership and contribution to the business has been fundamental to our success. His vision, hard work and the immense experience and talent he brought to Nikko AM has helped navigate the company to the current position we now enjoy,” Mr Beazley said.
“We are extremely appreciative of everything he has done for us and have worked closely with him to ensure that the company has a smooth succession plan that will continue to position Nikko AM well for the future.”
In January, Yu-Ming Wang was appointed international chief investment officer and Hiroki Tsujimura was promoted to chief investment officer, Japan, to allow for a smooth transition of Wilder’s investment oversight responsibilities.
Nikko AM has made acquisitions in Singapore, Hong Kong, China, Australia and New Zealand and added stakes in two independent Malaysian firms in recent years. Most recently, Nikko AM also launched a joint venture in India.
“I have seen the company grow from the local Japanese captive asset manager it once was to the now independently managed and internationally acclaimed asset manager it has become,” said Mr Wilder.
“With operations across four continents and 11 countries, Nikko AM has grown to become the largest regional asset manager headquartered right here in Asia. I am very proud to have been a part of such a transformation.”
