Nippon Capital AM Appoints Noda To Senior Vice-Presidency
Following lengthy negotiations, Nippon Capital AM announces that Toshiro Noda is to join the firm as Senior Vice President.
- (1888PressRelease) June 24, 2015 - After lengthy series of negotiations spanning several months, Nippon Capital AM (Nippon Capital Asset Management J-LLC), the Japan-based investment house and wealth manager, has announced that it is to appoint investment management market veteran, Toshiro Noda to join its board as Senior Vice President.
Following an illustrious career that includes over a decade in prominent roles at one-time asset management market leader, Daiwa Asset Management, Noda will formally take his seat on the board on July 1st.
Charles Worth, Executive Vice-President and Co-Chief Investment Officer at Nippon Capital AM said, "Toshiro is among the most highly-revered players in Japan's wealth management industry. He brings an invaluable understanding of the way culture impacts upon the role individual and institutional asset management plays not only in Japan but also in other parts of Asia."
Mr. Noda has overseen the management of several billions of dollars-worth of client funds during his 25 years in the industry and was responsible for driving funds under management at Daiwa Asset Management through the US$50 billion milestone in 2003/04. It is hoped that he will leverage his extensive experience to help increase funds under management at the firm to over US$5 billion from the current US$2 billion within three years.
We are delighted that Toshiro-san is joining Nippon Capital AM. We believe his consummate professionalism and intimate knowledge of Asian wealth and asset management will be instrumental in our efforts to become the leading investment management practice in the region," said David Silver, the firm's Executive Vice-President of Portfolio Management.
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