Ryota Sakagami, ranked Japan’s top stock strategist for the past two years, will leave SMBC Nikko Securities Inc., according to people familiar with the matter.
The people asked not to be identified because the move hasn’t been publicly announced yet. Attempts to reach Sakagami on his office phone were unsuccessful. Hokuto Sawada, a spokesman for SMBC Nikko Securities in Tokyo, declined to comment. Sakagami took the top spot for equity strategy in a survey by Institutional Investor magazine in 2016 and 2015.
Sakagami joined SMBC Nikko in 2011. Before that, he worked as an economist and strategist for Nomura Securities Co. from 2009 to 2011 and as an economist at Nomura International Plc from 2006 to 2009, according to data compiled by Bloomberg.
“His reputation among investors is high,” said Fumio Matsumoto, a fund manager at Dalton Capital Japan Inc. in Tokyo. “He does thorough analysis of what kind of portfolio you should shift to based on the current environment, making many investment recommendations using past data and quantitative analysis, not just the kind of simple buy or sell discussions you generally see about Japan stocks.”