Nippon Life India Asset Management Limited announced the appointments of Minoru Kimura and Tomohiro Yao as Additional Directors on the Board of the company, with effect from April 21, 2022.
According to the company’s exchange filing, “we hereby inform you that Mr. Minoru Kimura (DIN: 07497568) and Mr. Tomohiro Yao (DIN: 08429687) have been appointed as the Additional Directors of the Company by the Board Directors vide the circular resolution dated April 21, 2022.”
Minoru Kimura currently serves as Managing Executive Officer, Head of Global Business at Nippon Life Insurance Company (Nippon). In his 32-year professional career with Nippon, Kimura has engaged in corporate planning for more than 10 years. Also, Kimura has worked for Nissay Asset Management Corporation in investment planning for 5 years from 2010 to 2015.
Other than above, Kimura has also spent his professional career with Nippon Deutsche Asset Management Europe Limited and NLI Investments Europe Limited, where he carried the position of Chief Executive Officer for 4 years (2003 to 2007). He has engaged in Head of Asia Pacific at Nippon for 2 years (2018-2020) and Regional CEO for the Americas and Europe for 2 years (2020-2022).
Tomohiro Yao is Regional CEO for Asia Pacific and Head of India at Nippon Life Insurance Company. He is responsible for operations in the Asia Pacific. Tomohiro Yao is a seasoned professional with over 25 years of experience in the life insurance industry. He has extensive knowledge of Planning & Research and Global Business Planning at Nippon Life, Japan. In 2011 he assumed charges as Executive Assistant to the Chairman of Life Insurance Association, Japan for 2 years. Following which he was engaged in Nippon Life’s Global Business Planning, leading Nippon Life’s international M&A strategy. He was also responsible for driving Nippon Life’s overseas Insurance businesses including India, Mainland China as well as the United States of America.
He holds a degree of B.A. (Law) from Kyoto University and an MBA from Wharton School, University of Pennsylvania.
Nippon Life India Asset Management Limited (NAM India) is the asset manager of Nippon India Mutual Fund (NIMF). Nippon Life Insurance Company is the promoter of NAM India and currently holds 73.97 % (as on 30th September 2021) of its total issued and paid-up equity share capital. Nippon Life Insurance Company (“NLI”) is a Japan’s leading private life insurer and offers a wide range of financial products, including individual and group life and annuity policies through various distribution channels, mainly using face-to-face sales channels for its traditional insurance products. It primarily operates in Japan, North America, Europe, Oceania and Asia.
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