Nikko Bets on Ex-Nomura Banker to Change $216 Billion Manager
- Nikko Asset has revamped how it deals with investee companies
- It’s also taken steps to improve its own corporate governance
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After the introduction of Japan’s stewardship code in 2014, some of the nation’s giant money managers are slowly starting to change.
Take Nikko Asset Management Co., the $216 billion investment house that has Takumi Shibata, the former chief operating officer of Nomura Holdings Inc., who resigned over an insider trading scandal, at the helm.