Nikko Asset Management adding international CIO

Yu-Ming Wang will join Nikko Asset Management as international chief investment officer, effective Jan. 7, confirmed spokeswoman Jeanie Cheah.

It's a new position, overseeing the firm's investment teams outside Japan. Mr. Wang will report to Bill Wilder, president and group chief investment officer, Ms. Cheah said.

Mr. Wang had been head of fixed income, Asia, at Manulife Asset Management (Hong Kong). In an e-mail, Manulife spokesman Resham Dharamdas said until a replacement can be named, Michael Dommermuth, president of Manulife Asset Management Asia, and Barry Evans, Boston-based Manulife Asset Management's global head of fixed income, will oversee the team of more than 45 fixed-income investment professionals in 10 Asian markets.

Separately, Hiroki Tsujimura, Nikko Asset Management's Tokyo-based head of active investments, will be promoted to chief investment officer Japan, also effective Jan. 7, Ms. Cheah said. In the new position, Mr. Tsujimura will report to Mr. Wilder. He will continue to oversee active investments, and there are no plans to fill that position, Ms. Cheah said.