Japan's GPIF appoints new president

Takahashi, who will start his new position on April 1, joined Norinchukin in 1980 and has held various positions within the company, including stints in the fixed income investment and credit and alternative investment divisions in the mid-2000s. He is currently CEO of JA Mitsui Leasing, an affiliate of the bank.

Takahashi is replacing Takahiro Mitani, a former Bank of Japan official who agreed to say beyond his five-year term - which expired in 2015 - until a successor could be appointed.

GPIF had JPY139.8 trillion ($1.2 billion) in assets as of December 2015, of which 38.8% was deployed in domestic bonds, 23.4% in domestic equities, 13.5% in international bonds and 22.8% in international equities. The fund is in the process of diversifying away from domestic bonds and into riskier asset classes, including private equity.

In 2014, GPIF formed a partnership with Development Bank of Japan (DBJ) and Ontario Municipal Employees Retirement System (OMERS) to jointly invest in infrastructure assets. Later the same year it appointed Hiro Mizuno, formerly of Coller Capital, as CIO.

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• Topics
• North Asia
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• Government Pension Investment Fund (Japan)
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• Japan