London based global asset manager Schroders has appointed a respected 30 year financial industry veteran as the new CEO to lead its Japanese business.
The firm has appointed the former Chief Financial Officer of Nomura Holdings, Shigesuke Kashiwagi, as its new president and country head of Japan.
The hire represents a significant coup for Schroders in what is the regions biggest investment market.
Schroders to Grow Japanese Business
A report from news agency Reuters said that Kashiwagi had been expected to be promoted as Nomura's Chief Operating Officer but was overlooked in favour of an internal rival.
Kashiwagi, who has more than three decades of financial industry experience, will to drive the firm's growth in Japan.
Based in Tokyo, he will report to Lieven Debruyne, Schroder's Asia-Pacific Chief Executive Officer. He succeeds Guy Henriques, who will be returning to a role in Britain later this year, and will take up his post from July 1.
