Alliance Capital hires new Tokyo chief

The asset manager is expanding across North Asia.

Alliance Capital Asset Management has hired Masafumi Hikima to serve as president of its Japan business, capping a recent expansion across the region, which has also seen a new CEO installed in Hong Kong and a new research operation in Shanghai.

Hikima joins from Nikko Asset Management, where he had been president and CEO since 2002. He oversaw a Y6.2 trillion $59 billion business, but did not find a role after two Americans were put in...

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