Masataka Miyazono was appointed as the next president of Japan's Tokyo-based Government Pension Investment Fund, the world's biggest pension fund.
The appointment is effective April 1, the start of the country's new fiscal year, a spokesman at Japan's Ministry of Health, Labor and Welfare confirmed Tuesday.
Mr. Miyazono will replace Norihiro Takahashi. Further information was not immediately available.
Mr. Miyazono will take the role following a tumultuous few months for global markets roiled by the coronavirus outbreak.
GPIF, the world's biggest pension fund, reported ¥169 trillion ($1.55 trillion) in assets as of Dec. 31, ahead of the current bout of turmoil in markets.
Mr. Miyazono had been president of Japan's ¥11.5 trillion Pension Fund Association, Tokyo. Before that, he — like Mr. Takahashi before him — served as a senior executive at Japan's Norinchukin Bank, a financial institution focused on the country's farm industry with an investment portfolio of more than $578 billion. Spokesmen for the PFA could not be reached for comment.
