Mark Stoeckle has been named as chief investment officer and global head of investment at Nikko Asset Management, according to a news release.
This marks a shift for Stoeckle to an executive role at Nikko AM, since his appointment to the firm’s board as an outside director in April 2024. Following the appointment as CIO, effective from April 1, he is expected to resign from the board.
“During his time on the board, we immensely benefited from Mark’s expertise and thoughtfulness,” said Stefanie Drews, president of Nikko AM.
“His deep investment management knowledge capital coupled with his leadership experience and the rapport he has already built with colleagues make him the best choice to support the ongoing refinement of the offering for our clients, and the progress in our global growth strategy,” she continued.
Stoeckle was most recently with Adams Funds in the U.S., where he worked for 10 years as CEO and and led the fund’s management committee. He was previously CIO of U.S. equities and global sector funds at BNP Paribas Investment Partners.
Nikko AM’s current CIO Hiroshi Yoh will resign at the end of March.
Nikko Asset Management will be renamed as Amova Asset Management on Sept. 1. The firm had $246.1 billion in assets under management as of Sept. 30.
