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...
December 'remains achievable'
Able to monetise its assets
Formal agreement set to be announced soon
Cash holdings continue to grow