Industry Funds Management (IFM), a UK-based privately owned investment manager, plans to open a new office in Tokyo.
Scheduled to be opened in early 2014, the new office will be to be headed up by Eddy Schipper, current executive director of business development at IFM, Financial Standard reported.
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Brett Himbury, CEO of IFM, said: "Our investors are increasingly seeking investment opportunities in Asia, and Tokyo provides a strong hub for accessing both Japan and the broader region.
"Under Schipper’s leadership, we will hire an initial team and also work closely with Japanese regulators and institutional investors to align our model with market needs and practices."
IFM also manages superannuation funds, infrastructure funds, private equity funds, and public equity mutual funds along with $48 billion worth of Australian industry super fund money.
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