At an extraordinary shareholders’ meeting, Nikko Asset Management Co., Ltd. (“Nikko AM”) has confirmed the appointment of Mari Yamauchi as Outside Director.
With Yamauchi’s appointment, Nikko AM’s Board of Directors consists of ten – three executive and seven non-executive directors. Of them, five are Outside Directors, including Chairman of the Board Yoichiro Iwama, appointed in May this year. In line with its fiduciary duty, Nikko AM leverages the independence of these outside directors to ensure that it remains an objective and transparent asset manager.
Since April 2014, Yamauchi (pictured), has been a visiting Professor at the Doshisha University Institute for Technology, Enterprise and Competitiveness focused on management and employment systems. Prior to this, she held roles at Morgan Stanley and JP Morgan Securities Japan, and served as Managing Director and Head of Products & Services for the Wealth Management unit at UBS Securities Japan. She has also been a Visiting Scholar at the Institute of East Asian Studies, University of California, Berkeley.
Nikko AM Representative Director, President & CEO Takumi Shibata said, “I am honoured to welcome Yamauchi to the Board in view of her service at global financial institutions, research on management, employment and human resources, and extensive experience across the Americas, Europe, and Asia. I am confident that her expertise will contribute to strengthening Nikko AM’s governance.”
Nikko AM’s fiduciary and environmental, social, and governance principles guide its operations. The Firm stands by the highest standards of stewardship, maintaining a high level of transparency and bolstering management checks including through these outside directors.