The new team caters to the increasing demand from local investors for new solutions and diversification needs.
T. Rowe Price is bringing its multi-asset experience and offerings to Japan with the establishment of a new team in Tokyo, the Baltimore-based asset management firm announced in a statement.
The team will be led by Richard Coghlan, global solutions portfolio manager, and Hajime Takigawa, solution strategist (pictured below). The multi-asset office aims to offer multi-asset solutions, such as retirement-oriented strategies, liquid alternatives and income solutions that can diversify the current portfolios of Japanese investors, the statement said.
Hajime Takigawa, solution strategist, T. Rowe Price
«Japanese investors and retirement savers typically rely on fixed income products to achieve their investment goals. As fixed income yields decline globally, the gap between their investment returns and yield expectation widens. Investors will benefit from finding new solutions to meet their yield expectations,» Sébastien Page, head of the firm's global multi-asset team, said about the growing demand from local investors.
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Coghlan, with 22 years of industry experience, relocates from the firm's Baltimore headquarters to Tokyo. He will work with the firm’s Asia Pacific-based team to develop appropriate income solutions for local markets in the region, while retaining his current responsibilities as global solutions portfolio manager in the Multi-Asset Division and co-portfolio manager of the Real Assets Strategy.
Takigawa, who joins from Russell Investments, where he was most recently a senior portfolio manager, will support the delivery of investment solutions and work closely with teams across investment and distribution divisions to design custom investment strategies for local investors. He reports to Thomas Poullaouec, head of multi-asset solutions for APAC, based in Hong Kong.
Founded in 1937, T. Rowe Price began managing multi-asset portfolios in 1990. The group had 67 multi-asset professionals worldwide and $332.5 billion in multi-asset portfolios as of June 30, 2019. The firm has $1.14 trillion in assets under management as of July 31, 2019.
T. Rowe Price has had a presence in Japan since 1982, and its Tokyo office is led by Naoyuki Honda.
