There's a C-suite change at the top of the US firm's asset management arm in Japan.

JP Morgan Asset Management has appointed Kaguya Komatsu (main picture) as CEO for its Japan business, effective from March. 

Komatsu will be taking over from Shoichi Ohkoshi, who will become the firm’s chairman. Both individuals report to Dan Watkins, APAC chief executive of JPMAM, the firm said in a statement yesterday.

Joining JPMAM in 2011, Komatsu most recently served as head of funds and institutional business for Japan. In the case of Ohkoshi, he joined JP Morgan in 1994 within its corporate and investment bank, switching to leading its Japanese asset management business from 2015. 

JPMAM Japan added that Nora Choi-Lee will become chief administrative officer, succeeding David Tse who is retiring this summer. Choi-Lee serves as APAC deputy chief administrative officer, based in Hong Kong. In her new role, she will relocate to Tokyo.
 
The Japanese economy, which stagnated for more than two decades after the stock market slump of the late 1980s, has been through a revival in the past five or six years, fuelled by corporate governance reform and fiscal policy moves. In contrast with other major developed nations and groups such as the US and eurozone, the Bank of Japan has tightened monetary policy in recent weeks.