Izawa To Chair BlackRock's Japanese Operations

Apr 22 2015 | 1:34pm ET

Yoshiyuki Izawa has been named as chairman of BlackRock’s Japanese efforts.

Izawa, who is the former CEO of Japan Post Holdings, will assume the post on May 18th, according to media reports. He will replace Masato Degawa, who is resigning.

He joins BlackRock at a time when the company is seeking greater exposure to Japanese assets as stimulus policies underway lift equity and real estate prices. 

Izawa will be responsible for the development and execution of BlackRock’s strategic onshore business strategy in Japan. He will report to Asia-Pacific head Ryan Stork and will be on the firm’s Asia-Pacific executive committee.

“I am delighted to welcome someone of the vast experience and achievements as Mr. Izawa to BlackRock Japan,” BlackRock chairman Larry Fink said in a statement. “The asset-management industry is taking on increasing importance as government reforms revive the Japanese economy.”

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