The Dutch pension asset manager's Asia Pacific head of real estate says his team has just had one of its busiest years ever and that 2021 is looking similarly promising.
New executive advisor Yamada brings 40 years of experience in the banking and pensions industry in Japan to Northern Trust, and will work closely with the firmÆs senior management on business development opportunities.
Over the course of his career, Yamada has a held a series of senior positions in the Japanese finance industry. Recently, he was chairman of the Mizuho Pension Research Institute, a position he began in 2001. Prior to this role, Yamada was the president of Daiichi Kangyou Fuji Trust Bank.
He began his career in 1963 with Yasuda Trust and Banking, which subsequently became Mizuho Trust and Banking. For this firm, he was appointed general manager of the pension fund management department in 1987 before going on to become deputy president of the bank in 1997.
In addition to serving as a part-time lecturer of finance at Musashi University and Waseda University in Tokyo, Yamada is also a member of the Ethics Committee of Securities Analyst Association of Japan, and the Council Board of the Research Institute for Policies on Ageing.
Hattori will lead Northern Trust's quantitative portfolio management team in Tokyo. He joins Northern Trust Global Investments from Mizuho Trust and Banking where he was senior fund manager and chief of the international bond team within the passive/quantitative investment management office in Tokyo. To the firm, he brings 16 years of experience in the investment management team. He is also a member of the Security Analysts Association of Japan.
Mega players Nippon Life and Dai-ichi Life are looking for opportunities in higher-yield single-A US corporate bonds, which offer more appealing yields than stagnant domestic offerings.
The “lower for longer” monetary policy and stimulus packages, coupled with the rolling out of vaccine programmes favorably support real estate investing in the region, with offices and data centres presenting forward-looking opportunities.
As US fixed income default rates rose and yields fell during the pandemic, are Asian bonds, which have had more stable yields through 2020, looking more attractive?
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