The head of Macquarie Group Ltd.’s Japanese asset-management unit will leave the firm later this year, people with knowledge of the situation said.
Shigeo Mizuta, 63, will resign as chief executive officer of Macquarie Asset Management Japan Co. and retire from the financial industry, the people said, asking not to be named as the matter is private.
Australia’s biggest investment bank formed its Japanese asset-management arm in 2013, and it began operations last year to provide local clients with financial products focusing on infrastructure, private equity, real estate and hedge funds. Macquarie is increasing its focus on areas such as fund management while making cuts in investment banking.
Elizabeth Cox, a Hong Kong-based spokeswoman for Macquarie, declined to comment on the departure.
Before joining Macquarie Group in 2011, Mizuta worked for global firms including Salomon Brothers Inc. and BlackRock Inc.’s joint venture with Nomura Holdings Inc., according to his LinkedIn profile. He graduated from the University of Tokyo and Stanford University’s Graduate School of Engineering.