Kazuto Uchida was appointed as president of Japan’s Government Pension Investment Fund, leading the world’s largest pension fund for a five-year term.
Uchida’s appointment was announced by the Japanese Ministry of Health, Labor and Welfare on March 25 at a news conference.
He succeeds Masataka Miyazono at the ¥258.7 trillion ($1.71 trillion) Tokyo-based pension fund.
Uchida “has long been involved in asset management and market-related work at major financial institutions and securities companies, and so has ample specialized knowledge and experience,” the minister said, according to a translation of the conversation at the conference, published on the ministry’s website.
Uchida’s most recent role was as a member of the board of directors for MUFG Americas Holdings Corp. and its primary subsidiary, MUFG Union Bank. Other roles include as MUFG Bank’s chief economist.
He will take on the role on April 1, according to Bloomberg.
GPIF recently revealed a list of its money manager hires for the current fiscal year, which will end on March 31, welcoming a number of newcomers to its roster of active overseas equities managers.
