Nikko Asset Management president to step down

Bill Wilder will retire as president of Nikko Asset Management on March 31, confirmed spokeswoman Kyoko Wada.

Charles Beazley, who became the Tokyo-based firm’s chairman and CEO last year, will add the president’s title on April 1.

Mr. Wilder, who has been Nikko Asset Management’s president since 2004, couldn’t be reached immediately for information about his plans.