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New York Life Investment Management opens Japan office

Tuesday, July 19, 2016
Opalesque Industry Update - New York Life has appointed Tatsuo Mizutori as the head of office for the newly-opened Japan branch of New York Life Investment Management Asia Limited. The Japan branch is currently seeking to obtain the business registrations and licenses that will be needed to permit the office to serve the needs of institutional clients in Japan.

New York Life Investment Management is a leading global asset management firm with a growing global footprint and approximately $285 billion in assets under management as of March 31, 2016.

As head of the Japan office, Mr. Mizutori will be responsible for building NYLIM’s business in Japan, and overseeing all activities of the Japan branch. He has more than 30 years of experience in working with both Japanese and U.S. firms in the Japanese asset management market. “Mizutori-san is an incredibly talented executive and we are excited to have someone of his caliber and experience leading our expansion in Japan,” said John Grady, NYLIM International vice chairman and director, New York Life Investment Management Asia.

Prior to joining NYLIM, Mr. Mizutori was the chief portfolio manager of the advisory fund management department at Nomura Asset Management Co., Ltd., responsible for the investment advisory business for institutional clients. Previous to his role at Nomura Asset Management, he was managing director at Nomura Fund Research and Technologies Co., Ltd., where he led the multi-asset management department, in charge of institutional clients for its investment advisory business. Before that he worked for Russell Investments Japan Co. Ltd., where he served as director of Financial Institutions. Mr. Mizutori was also president and business leader for the Japan office of Mercer Global Investments, starting their operations in Japan in September 2005. He joined the investment consulting business of Mercer in 1997 and became the business leader of Investment Consulting, Japan. He has also held investment management roles with Nippon Credit Bank, and NCB Investment Management Co. Ltd. Mr. Mizutori holds both a CFA and CMA designation and is a graduate of Keio University.

“This is a time when Japanese investors are looking for new investment solutions. As one of the world’s most respected financial institutions, New York Life Investment Management is well positioned to bring its successful multi-investment advisory approach and first class investment capabilities and solutions to investors,” Mr. Mizutori said. “As part of a triple-A rated parent in New York Life, a mutual company with a long history in the investments business, once we obtain the business registration, I expect our offering to attract strong interest from Japanese clients.”

In addition, another veteran of the Japan financial industry, Noriko Kawamoto, joined New York Life in March 2016 and is responsible for the marketing activities for the Japan branch.

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