Shogo Maeda, head of Japanese equities at Schroders will retire from the global investment manager in March 2018. Maeda’s co-manager Kazuhiro Toyoda will assume his overall responsibilities in October, when Maeda’s successor, Ken Maeda (no relation) will take over responsibilities for the Japanese Equity team on October 1. Ken will officially replace Shogo when he retires in March.
“Ken’s proven investment track record and leadership skills mean he is ideally suited for the job,” Nicky Richards, Global Head of Equities at Schroders, told CIO. “Ken has been with Schroders for almost 16 years and his commitment to delivering our clients strong investment performance has been unwavering.”
Prior to joining Schroders in 2006, Maeda was CIO of Goldman Sachs Asia-Pacific equities and a senior portfolio manager for Nomura Asset Management from 1987-1994.
Toyoda was previously a chief portfolio manager and deputy manager at Nissay Asset Management and Nippon Life Insurance from 2004-2008 and 1990-2004, respectively. He joined Schroders in 2008.
Ken also worked at Nomura, although after Shogo’s time (he started in 1997). From there, he moved to Schroders in 2001.
Also part of the Schroders Group, Cazenove Capital named Mary-Anne Daly as its new UK CEO Monday.
Daly will succeed Andrew Ross, who moved to Schroders earlier this year to become its global head of wealth management.
“Mary-Anne and I joined Cazenove Capital in 2001 when assets under management were £10bn, and today they are just over £40bn globally,” said Ross of Daly in a company press release. “During this time we have seen significant change, in particular the coming together of Schroders and Cazenove Capital’s wealth businesses and the successful integration of C.Hoare & Co.’s wealth management team. I am confident that our UK business will continue to thrive under Mary-Anne’s leadership.”
Daly previously worked as Baring Asset Management’s head of private client service and was also their Paris managing director. She also spent seven years at Chase Manhattan Bank in London.
As of March, Cazenove’s assets were £43 billion.