Updated with correction
Yu-Ming Wang joined Asia-specialist manager Matthews Asia as president and global CIO.
In these new roles, Mr. Wang has oversight of investment teams globally and is a member of the firm’s executive committee, company spokeswoman Victoria Odinotska said.
Mr. Wang is based in the company’s San Francisco headquarters and joined the firm Feb. 1.
In a news release, Matthews Asia said Mr. Wang has managed investment teams in the Asia-Pacific region for the past 12 years, including in China, and developed “strong institutional client relationships” in the region.
Robert J. Horrocks, Matthews Asia’s CIO and portfolio manager, will retain his current duties and title. In a news release, Mr. Horrocks said he looks forward to “partnering with Yu-Ming to develop the long-term strategic plan for the investment team so that we remain positioned for future growth.”
Mr. Wang was senior executive investment adviser for Nikko Asset Management Americas. Benjamin Roitblat, a Nikko spokesman, said in an email that Mr. Wang will not be replaced.
Previously, Mr. Wang was deputy president and co-CIO of Nikko Asset Management in Japan. Mr. Roitblat said Hiroki Tsujimura, executive vice president, global head of investments and formerly co-CIO with Mr. Wang, became the Nikko’s sole CIO.
“We are excited to appoint someone of Yu-Ming’s considerable experience to our senior leadership team,” William J. Hackett, Matthews Asia’s CEO, said in the release. “As an accomplished senior executive, his corporate leadership and experience in working in Asia brings significant value to the firm and our clients.”
Matthews Asia managed $25.6 billion in Asian equities and fixed income as of Jan. 31.
