AVI appoints Investment Analyst in Japan
Asset Value Investors (AVI) has appointed Makiko Shimada as Investment Analyst to support the company’s research and engagement efforts in Japan.
Currently based in Tokyo, Shimada will join a seven-strong investment team in London from March and report to Joe Bauernfreund of AVI.
AVI is the investment manager of both AVI Global Trust (AGT) and AVI Japan Opportunities Trust (AJOT) which employ a balanced approach to shareholder engagement in Japan following the trend towards improved corporate governance in the country. AGT and AJOT have combined assets of JPY61 billion invested in Japan.
Shimada joins from Goldman Sachs, where she was a member of the Advisory Group in Investment Banking Division in Tokyo for over three years. With a dedicated focus on M&A, Capital Market Transactions and activism-related initiatives, she also brings impressive technical and analytical knowledge combined with a deep understanding of Japanese businesses.
Shimada holds a BA in Economics from the University of Tokyo.
Joe Bauernfreund, Chief Executive Officer of Asset Value Investor, says: “We are pleased to welcome Makiko to our growing team. Her appointment is another strong endorsement of the direction that we are taking the business. We now have four Japanese native speaking professionals, including Jason Bellamy (based in Tokyo), Yuki Nicholas and Kaz Sakai, which is allowing us to further boost our engagement and research capabilities.
“Covid might have delayed some aspects of corporate reform in Japan, but it has by no means derailed it. Shareholder engagement activity is increasing year after year, with companies slowly but surely improving their returns for shareholders. Despite this, and the undervaluation of the market, foreigners continue to be net sellers. We are happy to take the other side of their trade and believe that Japan is not a market that should be overlooked.”