Nikko Asset Management has appointed Mark Stoeckle as its new chief investment officer to replace outgoing head Hiroshi Yoh, who led the firm since late 2022. He will depart at the end of the month “to pursue his personal ventures”.
Stoeckle has sat on the firm’s board as an outside director since April last year, but will resign from his role to take on the CIO position.
Prior to joining Nikko’s board, Stoeckle spent 10 years as CEO of Adams Funds before becoming an independent director at the company from 2023 – a commitment he still holds today.
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He was also CIO for US and global sector equities at BNP Paribas Investment Partners from 2004 to 2013.
Stoeckle said he intends to use his experience within the US market to expand Nikko’s offering in the region.
“With North American investors a key focus for the firm’s growth, I hope to leverage my knowledge and relationships to benefit clients, stakeholders and colleagues alike,” he said.
Stefanie Drews, president of Nikko AM, added: “[Stoeckle’s] deep investment management knowledge capital coupled with his leadership experience and the rapport he has already built with all of our senior management and investment management colleagues make him the best choice to support the ongoing refinement of the offering for our clients, and the progress in our global growth strategy.”
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