Private credit might be less attractive than it was last year as investors rush into the market, but there are sweet spots to be found.
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.
Regulators keep their eyes open on tightening insurance industry by introducing more detailed risk management requirements, which could bring pressure on smaller players.
China and India are more obvious choices for AustralianSuper to consider in Asia Pacific, but the super fund currently lacks the expertise and prefers to stick to the US and Europe.
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Investors are increasingly turning to private companies and private debt in their hunt for ESG alpha, but the age-old problem of transparency and due diligence remains