Alliance Capital Asset Management has hired Masafumi Hikima to serve as president of its Japan business, capping a recent expansion across the region, which has also seen a new CEO installed in Hong Kong and a new research operation in Shanghai.
Hikima joins from Nikko Asset Management, where he had been president and CEO since 2002. He oversaw a Y6.2 trillion $59 billion business, but did not find a role after two Americans were put in charge of the firm last autumn. In a bid to make Nikko AM the first domestic independent fund house in Japan - financed by investments by Warburg Pincus and Singapore's GIC - the firm hired...
