Press Release

Change in Officers

30 July 2018

1. Appointment (Effective August 1, 2018)

New Title Current Title
Director Yutaka Nishida Senior Managing Executive Officer, Sumitomo Mitsui Trust Holdings, Inc.
Director Toshiro Izumi General Manager, Asset Management Business Planning Dept., Sumitomo Mitsui Trust Holdings, Inc.
Outside Director Mari Yamauchi Visiting professor of Institute for Technology, Enterprise and Competitiveness, Doshisha University
Statutory Auditor Yoshihide Haze General Manager of Internal Control Dept., Sumitomo Mitsui Trust Holdings, Inc.

2. Resignation (Effective July 31, 2018)

Current Title
Director Masahiro Tsuchiya
Director Yoshio Hishida
Statutory Auditor Hiroshi Misawa
– ENDS –

About Nikko Asset Management

With USD203.9 billion* under management, Nikko Asset Management is one of Asia’s largest asset managers, providing high-conviction, active fund management across a range of equity, fixed income, multi-asset and alternative strategies. In addition, its complementary range of passive strategies covers more than 20 indices and includes some of Asia’s leading exchange-traded funds (ETFs).

Headquartered in Asia since 1959, Nikko Asset Management and its subsidiaries employ personnel representing around 30 nationalities, including approximately 200 investment professionals**. The firm has a presence through subsidiaries or affiliates in a total of 11 countries and regions. More than 400 banks, brokers, financial advisors and life insurance companies around the world distribute the firm’s products.

The investment teams benefit from a unique global perspective complemented by the firm's historic Asian DNA, striving to deliver consistent excellence in performance. The firm also prides itself on its progressive, solution-driven approach, which has led to many innovative funds launched for its clients.

For more information about Nikko Asset Management and to access its investment insights, please visit the firm’s homepage.

* Consolidated assets under management and sub-advisory of Nikko Asset Management and its subsidiaries as of .
** Including employees of Nikko Asset Management and its subsidiaries as of .

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