<!-- Swiftype Variables -->

DEFINED BENEFIT

Japan reappoints GPIF leadership; board of governors inaugurated

Norihiro Takahashi, president of Japan’s Government Pension Investment Fund

Japan's Government Pension Investment Fund extended the tenure of its president and chief investment officer and formed a board of governors with enhanced oversight of the 149.2 trillion ($1.3 trillion) pension fund.

Norihiro Takahashi, the former senior Norinchukin Bank executive installed as GPIF's president in April 2016, is slated now to serve in that position through March 2020, a GPIF spokeswoman confirmed.

Hiromichi Mizuno, the partner at private equity firm Coller Capital tapped as GPIF's CIO in April 2015, will continue in that role through Sept. 30, 2019.

Meanwhile, as part of an enhanced governance structure approved by Japan's Legislature in December 2016, GPIF announced the formation of a 10-member board of governors, led by Mr. Takahashi, with authority to oversee the fund's operations.