Japanese and Asian equities specialist Tokio Marine Asset Management has launched a London asset management business which the firm says demonstrates its commitment to the European market.

Through its London arm, TMAM will give European investors exposure to asset classes and strategies focused on Japanese equities, Asian equities, Japanese fixed income, long/short hedge funds, private equity and fund of hedge funds.

TMAM’s London office will be led by Yuichi "Alex" Takayama, who was appointed chief executive in June 2008.  Prior to joining TMAM, Mr Takayama was a senior analyst in European equities at Mizuho Trust & Banking's London office, where he was responsible for research into the telecommunication, technology, machinery, media and energy sectors.

“We felt the time was right to turn our attention towards establishing a European presence. The recent unprecedented market turmoil has presented us with a significant opportunity to offer superior local investment expertise, diversified, innovative products and a strong track record to the market," said Yoichiro Iwama, president of TMAM.

Tokio Marine Asset Management employs over 200 staff across offices in Tokyo, Singapore, London and New Yor, and as at 30 September 2008 managed funds totalling approximately $45 billion.