A new CEO and president takes the helm at the Japanese investment house.

Asset Management One, part of Japan’s Mizuho Financial Group, have made a number of top-level boardroom changes as three executives and directors stand down. 

Retiring from Japan’s largest asset manager are Yasumasa Nishi as president and chief executive; Akira Noguchi as director and managing executive officer, and Hajime Fukuzawa, managing executive officer. New appointees are Akira Sugano (president, CEO), Shinichi Aizawa (director, vice president) and Koya Iwabuchi (executive officer), the firm said in a statement earlier this week. 

Sugano was former deputy president of Mizuho Financial Group.

Asset Management One had $450 billion in total assets under management as at March 2017, according to a report by Asia Asset Management.  Asset Management One had reportedly said a month ago that Nishi would retire as CEO and president and that Mr. Sugano would succeed him on April 1.

The investment business took its current shape at the start of October 2016, as a result of a coming together of four business groups under the Mizuho umbrella.