Takumi Shibata is stepping down as president and chief executive of Nikko Asset Management after six years at the helm, to be replaced by a co-CEO structure.
Hideo Abe and Junichi Sayato will be appointed as representative directors and co-chief executives, with Abe also holding the title of president and Sayato becoming chairman of the business. Shibata...
Japanese stocks have more than doubled their returns since December 2012, on the back of Abenomics, but many investors are still not convinced of the sustainability of the rally.
Shares up 15% on Friday