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Nikko Asset Management appoints outside director

Yoichiro Iwama has been appointed as Outside Director at Nikko Asset Management. He will also be appointed Chairman of the firm’s Board of Directors, effective 15 May.

Iwama holds a wealth of managerial experience in asset management in Japan in a range of senior roles, including Representative Director at Tokio Asset Management Co Ltd until 2010. He also acted as Chairman of the Japan Securities Investment Advisers Association for seven years from June 2010, the self-regulatory body for the industry in Japan.
Nikko AM Representative Director, President and CEO, Takumi Shiabatam says: “Asset managers must stand by the highest standard of governance in their operation and the appointment of Mr Iwama as Outside Director and Chairman of the Board provides further oversight to not only strengthen the role of our Outside Directors and Board, but also to broadly support our business. Under his supervision in leading our Board, we will mobilise our diverse workforce to continue to serve the needs of our clients.”

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