With a clearer-than-expect general election result for Prime Minister Fumio Kishida, the winds of change may start to blow stronger in Japan. The Japan virtual conversation on November 23rd will be the first opportunity for Asia-based private bankers to examine the post-election priorities and opportunities in a rejuvenating Japan.
As the state of emergency lifts the focus has begun moving to the rebuilding and rejuvenation of Japan post the pandemic. Marco-political challenges with North Korea and China remain, however Japan’s long famed stability and uncorrelated investment opportunities may resonate more loudly with international investors as the US stock market’s longest ever bull-run cannot continue indefinitely.
The long-term view of intergenerational stewardship that is ingrained in Japanese culture has also found renewed appreciation as ESG and Responsible Investing in the West presenting new and diverse thematic investment opportunities in Japan’s world-class corporate sector.
Moving into 2022, what allocation should private clients have towards Japan? Where will the best opportunities be found? And what economic priorities will the new leadership bring, will all be subject to our thorough examination on November 23rd.
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Join us at
Japan Virtual
Conversation
23rd November 2021
15:00 - 16:55 (SGT/ HKT)
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Join us at
Japan Virtual
Conversation
23rd November 2021
workshop speakers
Event Info
Agenda
Panel session
Workshops
Register
15:00 - 16:55 (SGT/ HKT)
paris shepherd
Managing Director, Citywire Asia
Chief Executive Officer, Hong Kong and Chief Investment Officer, Asia,
Lombard Odier Group
Jean-Louis Nakamura
CIO and Head of DPM for International Wealth Management,
Nomura
Gareth Nicholson
Head of Investment Strategy for Asia,
J.P. Morgan Private Bank
Alex Wolf
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15:00 -15:25
15:30 - 15:55
16:00 - 16:25
16:30 - 16:55
All timings in SGT/ HKT
23rd November
As ESG gains prominence globally, our panel
Welcome and Opening Panel
Japan: new leadership, investment opportunities and asset allocation
Post the general election, and with the Covid crisis fading, Japan’s focus is moving towards economic revival. Geopolitical challenges with North Korea and China remain, but Japan’s famed stability and uncorrelated investment opportunities may now resonate more loudly with international investors as the US stock market’s longest ever bull-run cannot continue indefinitely.
The long-term view of intergenerational stewardship ingrained in Japanese culture has also found renewed appreciation. ESG and responsible investing in the West have highlighted new and diverse thematic investment opportunities in Japan’s world-class corporate sector.
Moving into 2022, what allocation should private clients have towards Japan, where will the best opportunities be found, and what economic priorities will the new leadership bring? We will examine all these pressing questions on 23 November.
Alex Wolf, Head of Investment Strategy for Asia, J.P. Morgan Private Bank
Gareth Nicholson, CIO and Head of DPM for International Wealth Management, Nomura
Jean-Louis Nakamura, Chief Executive Officer, Hong Kong and Chief Investment Officer, Asia
Lombard Odier Group
FSSA Investment Managers
Japan: A Land of Hidden Gems
Tokio Marine Asset Management
Has Japan lost its way without Abenomics?
Asset Management One
Bringing Structure to Growth Investing –
Asset Management One Japan Equity Growth Core
Agenda
(Mr.) Eiji Fukumuro ACA
Senior Product Specialist
Sophia Li
Portfolio Manager
Seiichiro Iwamoto
Lead Fund Manager,
Japan Growth Core Strategy
name
title and bio
workshop speakers
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Workshops
Lisa Lim is the Associate Director, Intermediary Business for First Sentier Investors(‘FSI’).
Lisa joined FSI in May 2014 and is responsible towards further establishing the intermediary business relationship with existing partners as well as developing new opportunities within Singapore and across Southeast Asia.
Lisa has more than 10 years of experience in the financial industry. Prior to joining FSI, Lisa has held various relationship management roles in the banking industry.
Lisa holds a Bachelor of Science from the University of Melbourne.
Associate Director, Intermediary Business
Lisa Lim
Danielle first joined First Sentier Investors (‘FSI’) in September 2008 and subsequently re-joined in August 2017. She currently holds the role of Director, Intermediary Business. She is primarily responsible for expanding the intermediary business in Southeast Asia through development of new distribution partnerships as well as the management of existing channels.
Danielle has more than 19 years of experience in the financial industry. Prior to re-joining FSI, she was with Fullerton Fund Management (Singapore) as a Vice President, responsible for the global private bank relationships.
Danielle holds a Bachelor of Business & Commerce (Majoring in Economics) from Monash University.
Director, Intermediary Business
Danielle Chua
representatives
Sophia Li is a Portfolio Manager at FSSA Investment Managers, part of First Sentier Investors. She joined FSSA Investment Managers as a graduate in 2009 and has developed extensive coverage of the companies in North Asia.
Sophia manages the team’s Japan equity strategies and is the lead manager of the FSSA Japan Equity strategy and the FSSA Japan Focus strategy.
Sophia holds a Master’s degree in Statistics from Harvard University and a Bachelor of Science degree from Fudan University. She is also a CFA charterholder.
Portfolio Manager
Sophia Li
speaker
FSSA Investment Managers (FSSA IM) is an autonomous team within First Sentier Investors with dedicated investment professionals in Hong Kong, Singapore and Edinburgh. FSSA IM are bottom-up investors, using fundamental research and analysis to construct high-conviction portfolios. They conduct more than a thousand direct company meetings a year, seeking to identify high quality companies that they can invest in for the long term. As responsible, long-term shareholders, FSSA IM have integrated ESG analysis into their investment process and engage extensively on environmental, labour and governance issues. As at 30 June 2021, FSSA IM manages US$38.7 billion on behalf of clients globally.
company profile
In this presentation, Sophia Li, Portfolio Manager, will debunk the common misconceptions about Japan and share her thoughts on some the overlooked long-term growth opportunities in Japan.
Workshop objective
Strategists often argue that Japan is perhaps the most cyclical market amongst the major global economies, with profits highly correlated to global trade. Another misconception about Japan is that the ageing population and prolonged deflationary environment means that there are few quality companies that can deliver high growth and returns.
We disagree. In our view, Japan’s economy is actually very defensive and mainly driven by domestic demand. Not only that, especially from a bottom-up, active investing perspective, we believe Japan has a deep investment universe with many high-quality companies that are focused on delivery sustainable growth and returns and are uncorrelated to the global macro environment.
workshop summary
title
workshop SUMMARY
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Roy joined TMAM to build, manage and grow TMAM’s business presence in Asia.
He is responsible for both institutional and wholesale distribution clients.
Roy has more than 30 years’ experience in the industry with Nomura Securities and Asset Management.
He has held senior positions in New York, London, Sydney, Hong Kong, Singapore and Malaysia.
His global experience and extensive network and relationships is an asset to any organisation.
Regional Head of Business Development and Client Relations, Asia Pacific
Roy Nishikawa
Adrian has more than 20 years’ experience in asset management.
He joined TMAM, responsible for the business strategy across the region, identifying strategic opportunities in country markets, strategic partnerships and alliances.
He is also responsible for business development across both institutional and wholesale distribution client segments.
Adrian has held various management roles in the past at DBSAM, Pioneer, responsible for sales, business development, marketing, product development and management, client relationships and operations.
Head of Business Development and Strategy
Singapore
Adrian Khoo
representatives
Eiji is a senior product specialist at TMAM for Japan equity strategies,
covering institutional investors globally.
He has over 25 years’ experience in asset management.
Eiji held similar roles at Daiwa SBI and Mitsubishi UFJ Trust and Banking.
Educated in the UK, Eiji is a member of the Institute of Chartered Accountants in England and Wales.
Senior Product Specialist
Eiji Fukumuro ACA
speaker
Tokio Marine Asset Management is a leading, Japan based investment manager with over 300 dedicated professionals, overseeing approximately USD70.8bn in assets (as at July 2021).
Established in 1985, the firm provides institutional fiduciary and award-winning investment management services to a broad audience of sophisticated clients comprising pension funds, financial institutions and sovereign wealth funds around the world.
Our extensive local resources and strong in-house research capabilities have allowed us to accumulate significant investment expertise over the years, while our unwavering emphasis on fundamental analysis combined with thorough due diligence have remained the cornerstone of our investment philosophy.
company profile
Our objective is to present the case for investing in Japan today and the future. Our experience and local expertise as a specialist Japanese asset manager offer different investment strategies which can take advantage of the various opportunities. Our strength lies in our discipline and focus research driven approach and process.
Workshop objective
With a new Prime Minister in place, and elections due in Japan's lower and upper houses in end-October and next summer respectively, political events look set to exert a significant influence on the direction of the country's economy over the coming years. Abenomics helped the Japan equity market to move on from the two lost decades (1990s, 2000s), with TOPIX outperforming the MSCI All Country World index for four consecutive years from 2012 to 2015, returning 131% and 48% respectively over that period. With the global economy gradually normalising, we will explain why we believe the Japan equity market is again at a turning point.
workshop summary
Has Japan lost its way without Abenomics?
workshop details coming soon
Download slides
Watch the session
For the best viewing experience of the workshops and to access any live interactions, please view this webpage on a desktop device.
Thank you.
We're happy to
have you join us!
Roy joined TMAM to build, manage and grow TMAM’s business presence in Asia.
He is responsible for both institutional and wholesale distribution clients.
Roy has more than 30 years’ experience in the industry with Nomura Securities and Asset Management.
He has held senior positions in New York, London, Sydney, Hong Kong, Singapore and Malaysia.
His global experience and extensive network and relationships is an asset to any organisation.
Regional Head of Business Development and Client Relations, Asia Pacific
Roy Nishikawa
Adrian has more than 20 years’ experience in asset management.
He joined TMAM, responsible for the business strategy across the region, identifying strategic opportunities in country markets, strategic partnerships and alliances.
He is also responsible for business development across both institutional and wholesale distribution client segments.
Adrian has held various management roles in the past at DBSAM, Pioneer, responsible for sales, business development, marketing, product development and management, client relationships and operations.
Head of Business Development and Strategy
Singapore
Adrian Khoo
representatives
Mr. Seiichiro Iwamoto is the lead fund manager of Japan Growth Core Strategy. Mr. Iwamoto joined Mizuho Asset Management (later integrated into Asset Management One Co., Ltd.) in 1997, where he started to manage Japan Growth Strategies in October 2002. Japan Growth Core Strategy was set up as a sister among these strategies.
Mr. Iwamoto earned a BA in Civil Engineering from Tohoku University in 1992. He is also a Chartered Member of the Securities Analysts Association of Japan (CMA).
Lead Fund Manager, Japan Growth Core Strategy
Seiichiro Iwamoto
speaker
Tokio Marine Asset Management is a leading, Japan based investment manager with over 300 dedicated professionals, overseeing approximately USD70.8bn in assets (as at July 2021).
Established in 1985, the firm provides institutional fiduciary and award-winning investment management services to a broad audience of sophisticated clients comprising pension funds, financial institutions and sovereign wealth funds around the world.
Our extensive local resources and strong in-house research capabilities have allowed us to accumulate significant investment expertise over the years, while our unwavering emphasis on fundamental analysis combined with thorough due diligence have remained the cornerstone of our investment philosophy.
company profile
Our objective is to present the case for investing in Japan today and the future. Our experience and local expertise as a specialist Japanese asset manager offer different investment strategies which can take advantage of the various opportunities. Our strength lies in our discipline and focus research driven approach and process.
Workshop objective
Seiichiro Iwamoto, architect and manager since inception in 2003 of Asset Management One Japan Equity Growth Core argues that there is much room for improvement with the traditional growth investing approach, which is often based upon vague investment themes and stock selection fraught with guesswork to identify the relevant beneficiaries. In this presentation, Seiichiro will walk investors through the philosophy and highly structured processes he has developed for the Growth Core strategy, explaining how and why they have underpinned its consistently strong performance since inception using real investment case studies to explain the innovative approach he takes to growth investing in Japan.
workshop summary
TBC
workshop details coming soon
Watch the session
Asset Management One., Ltd. is one of the leading global investment managers with over $516 billion of AUM as of March 2021, and is a leading provider of investment products for institutional and retail clients in Japan. Headquartered in Tokyo, and with offices in London, New York, Hong Kong and Singapore.
Our mission is to engage in economic and social development through the power of investment, both at home and overseas, for the long-term benefit of our clients and society.
We aim to be our clients’ most trusted partner in the asset management industry by providing the highest standard products and services.
Furthermore, fully owned and backed by two of Japan’s leading financial institutions, Mizuho Financial Group and Dai-Ichi Life Holdings, Inc.
company profile
Asset Management One., Ltd. is one of the leading global investment managers with over $516 billion of AUM as of March 2021, and is a leading provider of investment products for institutional and retail clients in Japan. Headquartered in Tokyo, and with offices in London, New York, Hong Kong and Singapore.
Our mission is to engage in economic and social development through the power of investment, both at home and overseas, for the long-term benefit of our clients and society.
We aim to be our clients’ most trusted partner in the asset management industry by providing the highest standard products and services.
Furthermore, fully owned and backed by two of Japan’s leading financial institutions, Mizuho Financial Group and Dai-Ichi Life Holdings, Inc.
company profile
Bringing Structure to Growth Investing – Asset Management One Japan Equity Growth Core
Japan: A Land of Hidden Gems
Watch the session
Download slides
Alexander is Product Specialist with Asset Management One. Based in Tokyo, he looks after a range of long-only, long-short equity and multi-asset products. He joined the firm in 2020. Prior to joining Asset Management One he has held roles as relationship manager in charge of European institutional investor clients at Sompo Japan Asset Management and Mizuho Bank.
Alexander holds a Bachelor’s degree from SOAS, University of London.
Product Specialist
Alexander Hart
Andy is the Head of Intermediary Business of Asset Management One (AMO) Hong Kong Limited, leading the business development in the Greater China.
He has over 20 years of broad experience across wealth and asset management, covering a wide range of products including active, index and alternative investments.
Before AMO, Andy has worked for reputable global firms such as SSGA, UBS, JPMorgan and Citibank.
Andy holds the Bachelor of Commerce and AGSM-MBA from Australia.
Head of Intermediary Business
Andy Leung
representatives
Portfolio manager Seiichiro Iwamoto shares insight about the unique structured approach and thinking behind Japan Equity Growth Core, one of the most successful strategies in the universe of Japanese equities.
Workshop objective
Lawrence is responsible for business development for regional Asia. Based in Singapore, he brings more than 20 years of experience in the financial industry. Previously, he was Managing Director, Head of Institutional Business, South Asia for Manulife Investment Management, having built its regional institutional investment franchise since 2012. Lawrence also held tenures in First Sentier Investors, and Tokio Marine Asset Management, with broad remits for Asia Pacific business development.
Head of Marketing
Lawrence Wee
agenda
bio
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name
Post the general election, and with the Covid crisis fading, Japan’s focus is moving towards economic revival. Geopolitical challenges with North Korea and China remain, but Japan’s famed stability and uncorrelated investment opportunities may now resonate more loudly with international investors as the US stock market’s longest ever bull-run cannot continue indefinitely.
The long-term view of intergenerational stewardship ingrained in Japanese culture has also found renewed appreciation. ESG and responsible investing in the West have highlighted new and diverse thematic investment opportunities in Japan’s world-class corporate sector.
Moving into 2022, what allocation should private clients have towards Japan, where will the best opportunities be found, and what economic priorities will the new leadership bring? We will examine all these pressing questions on 23 November.
CIO and Head of DPM for International Wealth Management
Nomura
Gareth Nicholson
Chief Executive Officer, Hong Kong and Chief Investment Officer, Asia
Lombard Odier Group
Jean-Louis Nakamura
click to view
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Japan: new leadership, investment opportunities and asset allocation
Panel Session
For the best viewing experience of the workshops and to access any live interactions, please view this webpage on a desktop device.
Thank you.
We're happy to
have you join us!
Gareth Nicholson is Chief Investment Officer and Head of Discretionary Portfolio Management at Nomura’s International Wealth Management division.
He has a strong institutional investment background with 16 years of experience focusing on risk-return across fixed income and multi-asset portfolios. His past responsibilities have included helping steer one of the biggest derivative books in London though Lehman’s collapse, restructuring the risk framework for European fixed income funds during the European crisis and most recently building one of the largest Asian DPM businesses in Singapore. He has also built strategic partnerships with IAM/EAMs, Family Offices and solutions providers.
Prior to joining Nomura in July 2021, Gareth was Executive Director, Head of Fixed Income Discretionary Portfolio Management at Bank of Singapore. Concurrently, he was non-Executive Director, Board Member of BOS International SICAV and a member of the Investment Committee of OCBC Wealth. Before that, Gareth spent 10 years with Aberdeen Standard Investments as a Senior Portfolio Manager.
Gareth holds a BSc (Financial Mathematics) from the University of Johannesburg.
Gareth Nicholson
CIO and Head of DPM for International Wealth Management
Nomura
Jean-Louis Nakamura is the Chief Executive Officer, Hong Kong and Chief Investment Officer, Asia for Lombard Odier Group.
Jean-Louis joined Lombard Odier in March 2008 to head the executive board of the Paris office. In late 2008, he was transferred to Lombard Odier’s head office in Geneva to become Head of the Quantitative & Overlay Management Team. He was appointed Deputy Global CIO of LOIM in June 2012; CIO, Asia in January 2014; and CEO, Hong Kong in July 2017.
Prior to joining Lombard Odier, Jean-Louis was CEO of the French Civil Service Pension Fund (ERAFP), having spent five years as CIO of the French Pensions Reserve Fund (FRR), where he was in charge of strategy, tactical allocation and the selection of managers for a portfolio valued at EUR34 billion. Previously, he was Head of International Forecasting and Macro Analysis at the Ministry of Economy & Finance, France from 2001-2003. He also served as a financial expert covering euro-related issues and the banking and insurance sectors for the European Council from 1999-2001. Jean-Louis began his career in 1995 as an economist, specialising in macroeconomics and the banking industry at the French Ministry of Finance.
Jean-Louis graduated from France’s Ecole Nationale d’Administration in 1995 and from the Institut d’Etudes Politiques in 1991.
Jean-Louis Nakamura
Chief Executive Officer, Hong Kong and Chief Investment Officer, Asia
Lombard Odier Group
Head of Investment Strategy for Asia,
J.P. Morgan Private Bank
Alex Wolf
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Alex Wolf is the Head of Investment Strategy for Asia at J.P. Morgan Private Bank. In this role Alex is responsible for developing and communicating the Private Bank’s view on the market, economy, and geopolitics for investors and clients in the Asia region.
Prior to joining J.P. Morgan, Mr. Wolf was the Senior Emerging Markets Economist with Aberdeen Standard Investments responsible for economic analysis and macro investing strategies covering China and global EM. Prior to this he spent ten years with the U.S. Government in roles at the State Department and Defense Department.
Most recently, Mr. Wolf served as part of the diplomatic service with overseas postings to the U.S. Embassy in Beijing and the American Institute in Taiwan. His responsibilities included managing a range of economic policy issues including trade and investment negotiations, sanctions implementation, intellectual property rights protection, as well as advising senior officials on macroeconomic issues. Prior to joining the diplomatic service, Mr. Wolf was an officer at the Defense Department working on Asian security and defense policy, where he specialized in Chinese military modernization and North Korea.
Mr. Wolf holds degrees in economics from Johns Hopkins University and the University of Pittsburgh and has published extensively on China’s economy, US foreign policy, and North Korea. He resides in Hong Kong and speaks and reads Mandarin Chinese.
Alex Wolf
Head of Investment Strategy for Asia,
J.P. Morgan Private Bank