Japan’s Government Pension Investment Fund will be governed by a 10-Man’s board

“We will strive to explain clearly to the public the role of GPIF in the whole public pension system, as well as our investment policy and track record,” were the words of Eiji Hirano, new head of the management board in his inaugural news conference Tuesday.Up to now the decision making was in the sole hands of the President. In order to strengthen the governance, Japan lawmakers decided to go into a board managed structure in 2016. The new board wants to reinforce lost trust in Japan’s pension system and it’s main fund by clarifying investments and a wider decision making panel.
Historically GPIF, a 1.3 trillion $ mega-tanker has always been slow mover, the last major investment strategy change has been operated in 2014 under pressure of the Abe administration to dive into riskier assets, in order to try and beef up sluggish returns and as an example for the the rest of Japan’s investor Inc. From then 3 month’s reports have been published on their website with some delay. In future we may expect a more frequent communication, this being said not necessarily much more pro-active investment strategy changes. To be followed
Details on the board composition :

  • President and Executive Managing Directors :
    -President Norihiro Takahashi
    -Executive Managing Director (Planning and General Affairs) Hiroyuki Mitsuishi
    -Executive Managing Director (Chief Investment Officer) Hiromichi Mizuno
  • Chairman of the board of governors: Hirano is a former official with the Bank of Japan and now vice chairman of MetLife Insurance K.K., the Japanese unit of MetLife Insurance Co.
  • Governor Tomio Arai, emeritus professor at University of Tokyo
  • Governor Naoko Nemoto, an economist at the Asian Development Bank Institute
  • Governor Toyoaki Nakamura, a director at Hitachi
  • Governor and Auditor Shuji Iwamura
  • Governor Yasuyuki Kato
  • Governor Nobuaki Koga
  • Governor and Auditor Sakae Komiyama
  • Governor and Auditor Sadayuki Horie

K-man

Fundamentalist market maker, turned all round market taker.
Philosophy: “Cycling is good for your health, overtrading is bad”

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