Amundi, Paris-based asset manager, has hired Yasunori Iwanaga as new chief investment officer (CIO) for Japan, replacing Futoshi Saito.
In his new role, Iwanaga will oversee a team of approximately 50 investment professionals in Tokyo.
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The team will cater for global clients needs in Japanese equity capabilities as well as offer a wide range of products for Japanese fund distributors and institutional investors.
Iwanaga has joined Amundi from Incapture Japan, where he served as a consultant between 2013 and 2014. Before to this, he worked as managing director and CIO of BlackRock Japan, where he spent 13 years.
Previously, he has also worked at NCB Investment Management and Nippon Credit Bank.
Nicolas Sauvage, CEO of Amundi Japan, said that the firm plans to increase the AUM of its overseas clients from its current 7% of global assets to 15% over the next two years.
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By GlobalDataPascal Blanqué, global CIO of Amundi, said: "With 25 years of experience in the financial industry, we are confident that Iwanaga will contribute to strengthening Amundi Japan’s investment capabilities and the quality of investment solutions."
Amundi Japan had managed more than US$30 billion of asset under management as at end of March 2014.
