Macquarie’s Japan CEO to leave
(24 June 2015 – Japan) Macquarie Asset Management Japan Co will lose its chief executive this year, according to sources.
The head of Macquarie’s Japanese asset-management unit, Shigeo Mizuta is expected to leave the firm later this year and retire from the financial industry, sources told Bloomberg.
Australia’s biggest investment bank formed its Japanese asset-management arm in 2013.
It began operations in 2014 to provide local clients with financial products focusing on infrastructure, private equity, real estate and hedge funds.
Macquarie is increasing its focus on areas such as fund management while making cuts in investment banking.
Elizabeth Cox, a Hong Kong-based spokeswoman for Macquarie, declined to comment on the departure.
Before joining Macquarie Group in 2011, Mizuta worked for global firms including Salomon Brothers Inc. and BlackRock Inc.’s joint venture with Nomura Holdings Inc., according to his LinkedIn profile.
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