Nikko Asset Management has appointed Charlie Metcalfe as its new president of Europe, subject to FSA approval. Meanwhile, Charles Beazley, head of international and institutional business, has moved from London to Tokyo.

Metcalfe was latterly a non-executive advisor with Auden Capital.  He is a former chief executive of First State Investments, the Asian and emerging market investment manager. His other prior roles include deputy CEO of Hermes Investment Management as well as positions at Goldman Sachs and Merrill Lynch Capital Management.

In his new role Metcalfe will run the firm’s business across Europe and the Middle East, as well as oversee the US operation.

In Tokyo Beazley will now be responsible for all Nikko AM’s businesses outside Japan as well as its Japanese institutional business.

The news follows Blair Pickerell’s recent appointment in Hong Kong as head of Asia and global chief marketing officer.

Both Metcalfe and Pickerell will report to Beazley in their new roles.