Friday, 30 September 2016
Last updated 2 min ago
Nov 29 2010 | 3:01pm ET
Charlie Metcalfe, former CEO of First State Investments, has accepted the president’s post at Nikko Asset Management Europe, an arm of the Japanese financial group.
Metcalfe’s 23-year career in the investment and banking world has included serving as deputy CEO at Hermes Investment Management; helping build Goldman Sachs's asset management business in the UK and northern Europe, and serving as managing director of Merrill Lynch Capital Management in London. Metcalfe began his career in emerging markets at JP Morgan, based in both New York and London.
Metcalfe will run Nikko’s Europe and Middle Eastern business and oversee U.S. operations.
The move is the latest at Nikko AM, where Blair Pickerell was recently appointed head of Asia and global chief marketing manager.
Both Metcalfe and Pickerell will report to Charles Beazley, a member of Nikko AM’s senior management team who recently relocated from London to Tokyo to oversee all Nikko business outside Japan as well as its Japanese institutional business.
A leading Japanese money manager with $120 billion in AUM, Nikko AM has been expanding in Asia with the stated goal of becoming a leading Asian headquartered fund management firm. To that end, the company recently acquired the $25 billion Australian fund manager Tyndall Investments. Nikko AM employs more than 500 people world-wide and has offices in London, New York and Singapore.