Nikko Asset management, based in Tokyo, has hired David Semaya as non-executive chairman and he will become executive chairman in September of this year.
In addition, Takumi Shibata has been named president and CEO of Nikko AM effective immediately. He will continue as executive chairman until Semaya joins the company.
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These changes follow the resignation of Charles Beazley as president and CEO to return to the UK for family reasons.
Semaya most recently worked at Barclays Plc, where he held various key positions including head of the UK and Ireland wealth management arm and chairman of Barclays Asset Management.
Shibata joined Nikko AM in July 2013 as executive chairman following a career at Nomura Holdings where he served as Group COO.
Shibata said: "I am very pleased that David Semaya has agreed to join forces with us. His experience in the industry both globally and in Japan will be an invaluable asset for us. As a member of the new management team with David, I am excited to have the opportunity to take Nikko AM to new heights for our clients on a global basis."
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