Tsukasa Sekizaki has left Fidelity Investments in Japan to assume the role of president of Deutsche Trust Bank, a member of Deutsche Asset Management Group. He starts January 8, replacing Kunihiko Nakao, who resigned. Nakao had been with the firm since 1991, joining during its incarnation as Japan Trust Bank.
Sekizaki had been director and head of Fidelity's financial and corporate sales department. A 15-year industry veteran, he had established Fidelity's defined contribution pensions business. He had reported to Bill Wilder, president of Fidelity Japan. A Fidelity spokesman says the firm has not yet decided whether to replace him or how to allocate his responsibilities.
Deutsche Trust Bank has Ñ4.3 trillion ($36 billion) of public and private pensions assets under management, and operates separately from Deutsche Asset Management Japan, which has retail and institutional businesses.
Sekizaki now reports to James Goulding, the CEO of Deutsche Asset Management Group's Asia-Pacific business, which includes Japan and Australia. Goulding has himself recently been named to the post, and is in the process of relocating to Hong Kong from London, where had been running the group's United Kingdom business. Goulding is replacing Brian Scullin in Sydney, who has retired.