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Nikko appoints International and Japan CIOs

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Company looks for growth in Asian fixed income and equities

Yu-Ming Wang has been appointed chief investment officer, International at Nikko Asset Management (Nikko AM) and Hiroki Tsujimura as chief investment officer, Japan as the company continues to grow.

The appointments come amid a raft of changes as Nikko AM bolsters its expansion plans with several senior level hires.

Mr Wang, whose experience has focused on Asian fixed income equities and bonds, will be responsible for growing Nikko's investment capabilities as the company eyes further growth.

"As Nikko AM continues its expansion plans, Yu-Ming - with his proven track record, his in-depth knowledge of the region and his experience of building out an award-winning investment team in Asia - will be instrumental in growing our expertise, particularly in Asian fixed income and equities, strengthening Nikko AM's position as Asia's leading asset manager," Nikko AM president and chief investment officer, Bill Wilder, said.

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Mr Wang's role will also see him developing strategies in new areas such as Asian alternative fixed income and bank loans.

He joins the senior team at Nikko AM from Manulife Asset Management where he was head of fixed income, Asia.

Mr Tsujimura is currently head of active investments at Nikko AM and in his new role he will be responsible for overseeing all investment management activities in the Tokyo office.

In May, Nikko AM appointed Aoifinn Devitt as head of its World Series Fund platform to expand the company in Europe and Asia.

Nikko AM aims to increase the scope of providers covered by the program and to broaden distribution.

The company also took over Tyndall AM in 2011, as part of its expansion into Asia-Pacific.

On Tuesday, Tyndall AM finalised its senior management team by appointing Linda Garry as senior manager, marketing and communication.