Fiera Capital has named Takafumi Sudo as chief operating officer (COO) and chief compliance officer (CCO), Japan.
Sudo’s newly created role supports Fiera’s efforts to obtain regulatory approval to conduct Type II financial instruments business activities in Japan.
The licence is required for foreign asset management firms to solicit funds from local residents for collective investment schemes.
The latest hire comes as the Montreal-headquartered asset manager recently named a new head of Asia as it seeks to expand its distribution in the wider region.
Reporting to Ranulph Day, head of compliance EMEA and Asia, and CJ Morrell, head of Japan, Sudo (pictured) will be responsible for all aspects of Fiera’s regulatory and corporate compliance in Japan, the company said.
Morrell said: “One of Japan’s most seasoned operators when it comes to compliance management and corporate function, Sudo joins Fiera with decades of experience navigating complex and sophisticated regulatory structures on behalf of some of the country’s leading asset management companies.”
Prior to joining Fiera, Sudo had an almost 30 year tenure at Nomura Asset Management, and most recently served as CCO at UI Japan, the Japan office of UI Group, an asset management firm focused on industrial real estate.
Sudo said: “Aligned with Fiera’s philosophy of staying close to its clients with boots on the ground, building out a compliance function marks a key step in the company obtaining a Japanese licence.”
