Nikko AM splits chair-CEO role, plans more funds

Japan’s Nikko Asset Management is set to split the role of chairman and chief executive, having designated the ex-chief operating officer of Nomura, Takumi Shibata, for the former role. Charles Beazley had previously held both positions as well as being president, and will remain CEO, a situation he feels happier with. He took up the dual roles in April last year, after Tim McCarthy retired, and assumed the additional title of president when Bill Wilder retired in April this year.…