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 will step down from his position on 1 April. He joined the firm in July 2013 as executive chairman and became president and CEO in January 2014. He said: "I want to express my deep appreciation for the opportunity to lead this company for the last six years, surrounded by such global talent. "Under Hideo Abe's leadership, sales, product & marketing have grown into highly effective effor...
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