PineBridge hires industry vet in Japan

The firm has recruited an ex-Fortress MD to develop its institutional business in Japan

Global asset manager PineBridge Investments has appointed industry veteran Kikuo Shirose to the newly-created position of deputy president and board director of Japan, effective 1 October, according to a statement from the firm.

Shirose, who has more than 25 years of industry experience, will be based in Tokyo and report to PineBridge Investments Japan president and CEO Kazuya Sugiura and PineBridge Investments Asia CEO Rajeev Mittal. In this new role, Shirose will lead and develop the firm’s institutional business in Japan to “enhance and grow client relationships,” according to PineBridge.

“Our business and commitment in Japan continues to go from strength to strength,” Mittal said, adding that Shirose’s experience and “strategic insight into the industry” would be a valuable tool as PineBridge sought to “deepen our offering for institutional clients, a critical part of our Asia strategy.”

Shirose was previously managing director and head of capital formation & investor relations at Fortress Investment Group, where he built and led the Japan institutional sales and client service team. His previous roles have included head of institutional business at Nikko Asset Management, and director for business development then executive officer and head of institutions marketing at UBS Global Asset Management.

PineBridge was unable to comment further on Shirose's responsibilities at press time.