Beazley To Replace Retiring McCarthy As Nikko AM CEO

Mar 7 2012 | 10:27am ET

Nikko Asset Management Chairman and CEO Timothy F. McCarthy will retire at the end of the fiscal year, to be replaced, as of April 1, by Charles Beazley, who currently oversees the firm’s Asian operations.

The move is in line with the firm’s succession plan.

"It has been eight exciting and fruitful years since I took over Nikko AM," McCarthy said in a statement. "I am so proud of what the company has accomplished. I now feel it is the right time for the team, with Charles at the helm, to take over the management and to continue to build on our dream of providing investment solutions to millions of Asian consumers and our regional expertise to many international institutions."

On McCarthy’s watch, Nikko AM saw its assets under management grow from US$50 billion to over US$150 billion, transforming itself from a local Japanese captive asset management company to an independent asset manager with operations throughout Asia as well as in London and New York.

CEO-in-waiting Beazley joined the firm in London in 2006 as president of its international offices before moving to Tokyo full time in 2010 to manage the firm’s Asian operations and its domestic Japanese institutional business.

Bill Wilder remains the firm’s president and CIO and the rest of the existing management team will remain in place.


In Depth

Q&A: Brevan Howard’s Charlotte Valeur Talks Strategy

Sep 18 2014 | 11:18am ET

Charlotte Valeur chairs the board of Brevan Howard Credit Catalysts, an LSE listed...

Lifestyle

Hedgies Rock Out For Children's Charity

Sep 15 2014 | 8:40am ET

It's that time of year again—when hedgies trade in their spreadsheets for guitars...

Guest Contributor

Volkered: How Financial Sector Reforms are Creating Opportunities for Hedge Funds

Sep 16 2014 | 11:28am ET

New regulations have dramatically curtailed proprietary trading activity in investment...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…

 

Futures Magazine

September 2014 Cover

The London Whale: Rogue risk management

Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.