British fund manager Schroders has appointed former Nomura CFO Shigesuke Kashiwagi as president and country head of Japan, effective 1 July 2016.
Kashiwagi will replace Guy Henriques, who has been in the president role since 2012. Henriques will return to a role in the UK later in 2016.
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Based out of Tokyo, Kashiwagi will report to Schroders CEO of Asia Pacific region Lieven Debruyne.
Kashiwagi served as Nomura executive managing director and CFO since April 2013. He also worked as senior managing director of group strategy and executive office with particular focus on regulatory strategy, as president and CEO of Nomura Holdings America and as head of global fixed income.
Schroders group chief executive Peter Harrison: "We welcome Shigesuke to Schroders as President of our Japanese business. The appointment of an executive with Shigesuke’s unrivalled experience and financial industry knowledge highlights our continued commitment to growth in Japan, Asia’s largest investment market, and a strategically important part of Schroders."
Schroders CEO of Asia Pacific Lieven Debruyne said: "Shigesuke’s distinguished and varied career at Nomura reflects his global leadership skills and deep understanding of the country’s client needs. His unparalleled experience will help drive the next stage of growth of our successful Japanese business, not just in delivering investment solutions for major clients but also in the vital areas of governance and stewardship.
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By GlobalData"His extensive industry knowledge means he is well-placed to strengthen our position as a leading asset manager in the region and we look forward to working with him."
