Tokio Marine AM looks beyond group to find new leader

The president and CEO of the $44 billion Tokio Marine Asset Management, Yoichiro Iwama, has made an unorthodox decision to recruit an outsider to succeed him. Akiyoshi Oba, the CEO and COO at Mizuho Pension Research Institute, which belongs to a rival financial group, will formally join Tokio Marine AM next month as its new president and CEO. Iwama will continue to serve the company in an advisory capacity. "The asset-management industry faces a difficult time," Iwama explains. "In …