People Moves
Lazard Japan Poaches New CEO From JP Morgan
Lazard Japan Asset Management has appointed
Keiichi Miki as chief executive officer.
Miki was previously the head of
JP Morgan Asset Management (Japan), a position he held for
the past eight years. He takes over from
Tim Griffen, who has been acting as both CEO and chief
investment officer.
In Miki's new role, he will be responsible for the servicing,
expansion, and distribution of LAM's domestic and international
products to the Japanese market. Griffen, on the other hand, is
freed from the CEO post but will continue to serve as CIO, with
special responsibility over the group's Japanese equity
strategies.
"With our increased presence in the region, we felt we needed to
hire a dedicated chief executive, leaving Tim Griffen to focus
solely on our Japanese equity capabilities and, therefore,
function in a pure CIO role," said
Robert Prugue, the Asia Pacific head, in a statement.
LAM and its affiliates under parent firm Lazard Group reported
$129.5 billion worth of assets under management as of December
2009, $3.4 billion of which are accounted for by Japan
operations.