Nikko AM names chief legal officer ahead of Tokyo IPO

Asia-based fund management group Nikko Asset Management (Nikko AM) has unveiled a new legal head as it prepares for an initial public offering (IPO) in Tokyo.

Ross Long, the former group counsel of Asia-based independent brokerage and investment group CLSA, is to take on the role of chief legal officer on Monday (24 June). He succeeds former CLO David Monroe, who had been with the company for seven years.

The role will see Long, who is also joining the group’s management team, take responsiblity for all of the fund giant’s global legal functions.

In a statement Nikko AM, which aborted an IPO attempt in 2011, praised Long’s legal and regulatory experience both in the Asia Pacific region and elsewhere.

The group said: “It will be instrumental to propel Nikko AM’s growth as it continues with its expansion plans and prepares for a future IPO as Asia’s leading independent asset manager.” 

Long will report directly to the group’s CEO Charles Beazley.

In a statement Beazley said: “Ross has a detailed understanding of the complex legal frameworks of Japan and many Asian countries, as well as a real comprehension of the cultural and linguistic practices that successful firms need to observe. His talents are an unusual combination and one that fits in very well with the multi local approach that Nikko AM deploys. As we accelerate our growth plans, the addition of Ross as chief legal officer greatly strengthens our executive management team and governance.”

It was not clear at the time of writing if the position of chief legal officer was a new one for Nikko AM.