In his new role, reporting to Wayne Bowers, chief executive officer, asset management, for the Europe, Middle East and Africa (EMEA) and Asia-Pacific (APAC) regions, Nakayama will lead and manage the continued growth and evolution of the asset management business in Japan, and will have overall responsibility for sales, product development, client service and operational teams in Tokyo.
Nakayama joined Northern Trust in 2011 in the role of executive managing director. He replaces Kunihiko Nakao who retired as representative director and president on 22nd June 2012.
'Japan is an important institutional market and as one of the largest asset managers in Japan one of our priorities is to continue to expand our client base there', said Bowers. 'We thank Kunihiko for his tremendous contribution to Northern Trust's growth in Japan and wish him well for the future. Having worked closely with our regional and international management teams for several months, and with a career in asset management to date stretching back over 25 years, Hidehiro brings to his new role valuable experience in the Japanese market combined with a deep understanding of our business and what clients want'.
Nakayama, CFA, joined Northern Trust in August 2011 from Pictet Asset Management in Tokyo. His career encompasses a background in business management, investment strategy, client service and business development for institutional and personal clients investing in traditional and alternative asset classes. Previous positions include roles at SGAM Securities Japan, Sumitomo Mitsui Asset Management, Sakura Bank and Sakura Investment Management, and Taiyo Kobe Bank. Nakayama has a BA in Economics from Waseda University.
'The institutional market in Japan is changing and we see opportunities to continue to develop our offering to Japanese investors based around Northern Trust's world class capabilities in passive and active investment management," said Nakayama. "Our goal is to continue to work with Japanese institutional investors who want to diversify their investments in a transparent, risk-controlled manner'.