Stefanie Drews as President, Yutaka Nishida as Chairman effective 1 April
Nikko Asset Management Co., Ltd. (Nikko AM) is proud to announce a number of changes to its senior leadership, effective 1 April 2022. Senior Corporate Officer Stefanie Drews will be promoted to President and Representative Director, with Director and Vice Chairman Yutaka Nishida promoted to Chairman and Representative Director.
Junichi Sayato, Chairman, President and CEO explained, "Stefanie is uniquely qualified to be the next leader of Nikko AM. She has supported me in the highest level of decision making, and her experience and strong relationships with the company's various functions and offices have prepared her for the responsibility."
Drews has worked in wealth management and asset management since 1997, with a background in international financial markets. Since joining Nikko AM in August 2014, she has held key roles in international sales and strategy, sales support and product development. Her strategy is underscored by innovation, as she migrated efforts to the digital space to maintain a high level of client trust and interaction, and spurred the development of investment products suited for Japanese and international clients to benefit them through efficiency and scale. Drews is also a passionate advocate for sustainability, setting diversity and inclusion as one the firm's key focus points.
Drews commented, "I am honoured to have this opportunity, and am eager to continue working side by side with Nishida-san. We will forge closer relationships with our clients and colleagues in Japan and around the world to deliver investment solutions and an even higher level of service."
Nishida added, "I look forward to continue working with Stefanie to guide Nikko AM in exceeding the evolving needs of global investors, maintaining the pace of innovation and refining our thorough governance as a responsible corporate citizen."
Nishida joined Nikko AM in April 2020 as a Non-executive Director before being appointed to his current position in June 2021. He has over 30 years of experience in the asset management business, a global perspective from previous roles in New York and London, as well as extensive leadership experience in risk management, legal and compliance.
Additionally on 1 April, Richard Wohanka will join the Nikko AM Board of Directors as an Outside Director, where he will contribute to the company's global efforts by leveraging his experience, perspective and best practices as a CEO, investment committee and risk committee member at some of the world's major asset managers based in Europe including Westlb Asset Management, Fortis Investment Management and Union Bancaire Prive Asset Management. With Wohanka's addition as an impartial voice, seven of the 10 members of the Board will be outside directors, further improving corporate governance.
Junichi Sayato will step aside from his roles on 1 April and remain on the Board of Directors to facilitate the transition. The appointments of Drews and Nishida will usher in a new era at Nikko AM, with a renewed emphasis on meeting the needs of global clients while deepening the firm's capabilities in Japan.
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