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Nikko AM is focused on the highest standards of stewardship, and intends to leverage Mr. Iwama's role as Outside Director and Chairman of the Board to further enhance its governance, tapping his rich insight into the asset management industry and corporate governance.

Mr. Iwama holds a wealth of managerial experience in asset management in Japan, encompassing a broad range of senior roles, including most recently Representative Director, Tokio Marine Asset Management Co., Ltd. until 2010. He also acted as Chairman of the Japan Securities Investment Advisers Association for seven years from June 2010, the self-regulatory body for the industry in Japan. In this role, he displayed strong leadership in heightening stewardship at asset managers and corporate governance at invested companies.

Nikko AM Representative Director, President & CEO Takumi Shibata said, "Asset managers must stand by the highest standards of governance in their operations, and the appointment of Mr. Iwama as Outside Director and Chairman of the Board provides further oversight to not only strengthen the role of our Outside Directors and Board, but also to broadly support our business. Under his supervision in leading our Board, we will mobilize our diverse workforce to continue to serve the needs of our clients."