Published by WealthBriefingAsia – 22nd April 2015
There is a new country head for Japan at the world’s largest listed asset management firm.
BlackRock, the world’s largest asset management house, has appointed a new chairman and Japan country head, Yoshiyuki Izawa. He takes up the role from 18 May and fills a vacancy left by Masato Degawa, who is retiring as BlackRock president and country head for Japan.
Izawa joins BlackRock from Japan Post Bank, where he was president and chief executive for more than five years, leading a 13,500-strong team managing $1.7 trillion in assets. He has had a 38-year career with Mitsui & Co, where his most recent roles were as representative director and member of the board, senior executive managing officer and chairman of the investment committee. In addition, he held senior leadership positions in Mitsui’s US and Europe regions.
Degawa plans to return to London to rejoin his family, which resided there during his four-plus-year tenure in Tokyo, the US-listed firm said.
Izawa will report to Ryan Stork, BlackRock’s Asia-Pacific chairman, and joins the company’s Asia-Pacific executive committee.
At 31 March, BlackRock had $4.774 trillion of assets under management.
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