Aberdeen Standard Investments (ASI) has expanded its Japan capabilities after receiving Type I and Type II Financial Instruments business licenses. The firm also bolstered its ranks with the appointment of Hidetoshi Ono as its first head of direct real estate in Japan.
The trading licenses will allow the Edinburgh-headquartered investment manager to market offshore products across different asset classes to Japanese clients.
Ono’s appointment as head of direct real estate for Japan took place in July and he brings 25 years of experience to the role.
Prior to joining ASI, Ono was the managing director for Japan real estate at Manulife. His experience includes stints at Axa Real Estate, ING Real Estate, General Electric and Mitsui Fudosan.
“The latest developments boost the firm’s investment strategies for Japanese investors increasingly looking for more diverse long-term solutions,” ASI said in a statement on August 8, 2019.
“This has also strengthened the firm’s real estate investment capability and, together with the acquisition of Orion Partners in February
this year, ASI is tapping into a thriving local real estate investment market and addressing the rising demand for alternative investments in Japan,” the statement added.
ASI manages $669.6 billion in global assets.
©2019 funds global asia