Latest Banking
- TSB announces UK’s first fraud refund guarantee to protect customers
- Fed Board fines Standard Chartered for unsafe and unsound practices
- Santander offers to acquire the minority shareholders’ interests in Santander Mexico
- Signature Bank of Georgia begins trading on OTC Pink Market
- UniCredit to sell Italian consumer, unsecured, non-performing credit portfolio
- Credit Suisse creates Asia Pacific Trading Solutions
- Professor Kashyap and Michael Saunders reappointed to BoE Policy Committees expired
- Citi Q1 2019 results reflect progress on improving return on, and return of capital expired
- Goldman Sachs boss pleased with Q1 2019 performance expired
- JP Morgan publishes record results for Q1 2019 expired
- Wells Fargo Q1 2019 results show continued strong credit performance expired
- Brits use slang words for money, but few know what they actually mean expired
12th February 2019
Schroders confirms Japanese equities succession planning
Schroders has announced that Masaki Taketsume, Japanese Equity Fund Manager, will be assuming formal responsibility for the management of the Schroder Tokyo Fund and the Schroder Japan Growth Fund Plc Investment Trust from 1st July 2019.
The appointment of Mr Taketsume, who has been at Schroders for over a decade, represents the execution of a long-term succession plan for Andrew Rose who has decided to retire from the industry at the end of June 2019. Mr Rose started his career at Schroders in 1981. During his time at the firm he has held a number of roles including Senior Investment Officer for Japan and Head of Japanese Equities.
Nicky Richards, Global Head of Equities, Schroders, said: “Andrew is one of the most respected and long-standing Japanese Equity Fund Managers in the industry, we would like to thank him for his commitment to Schroders and our clients during his successful 38-year career.
“Masaki is ideally placed to take on Andrew’s fund management responsibilities. We are confident that Masaki’s fund management expertise, supported by Investment Director Nathan Gibbs and the wider Japanese equities team, will ensure investment continuity for our clients.”
Mr Rose and Mr Taketsume have collaborated on portfolio management since 2014, with Mr Taketsume’s relocation to London in 2017 a key step in the formal transition process. Mr Taketsume has been a member of Schroders’ Japanese equity team since 2007, initially as a technology analyst, and as a fund manager working alongside Andrew since 2017.
Mr Taketsume will be supported by Nathan Gibbs, Investment Director for Japanese Equities. Mr Gibbs has over 35 years’ experience in Japanese Equities. He relocated to London from Tokyo in 2016, and will contribute to portfolio strategy and debate, as well as interacting with Schroders’ investment resources in London.
