Norio Kanie was appointed senior executive adviser of Nomura Securities' fiduciary service research center, effective April 1.
Mr. Kanie replaces Noboru Yamaguchi, who will retire effective March 31, said a Nomura spokeswoman. Before joining Nomura, Mr. Yamaguchi had served as executive managing director and chief investment officer of the $1.3 billion JTB Pension Fund, Tokyo.
Mr. Kanie was managing director and director of investment of Toyota Motor Corp.'s pension fund, Aichi, Japan.
A Toyota spokesman said Mr. Kanie left March 1; Hiroyuki Kono is now director of investments. The spokesman declined to provide details about Mr. Kono's previous position.
Mr. Kanie was also a member of the defined benefit subcommittee of Japan's Pension Fund Association and vice chairman of the Corporate Pension Fund Council, according to a Nomura news release.