Japan-based Asset Management One Co. Ltd. appointed Akira Sugano as president, CEO and board director, replacing Yasumasa Nishi.
Additionally, Dai-ichi Life Holdings Inc. appointed Shinichi Aizawa as a director and vice president at the asset manager, according to March 9 releases.
Sugano and Aizawa's appointments as directors will take effect after a shareholder meeting on March 23, while the other appointments take effect April 1.
Also, Akira Noguchi will retire as a director and managing executive officer on March 31.
Asset Management One is 30% owned by Dai-ichi Life and 70% owned by Mizuho Financial Group Inc.
