Lyxor, the ETF arm of French banking group, Societe Generale, his hired former Daiwa Securities man Hirosuke Uraoka as head of ETFs for Japan.
In the newly created role, Uraoka will be responsible for growing the firm’s Japanese business and acting on new opportunities in what is viewed as a rapidly expanding Japanese ETF market.
Japan is currently the largest ETF market in Asia with US$450 billion in assets under management and an annual growth rate of 32% over the last ten years.
Uraoka will be based in Tokyo, reporting to Naohisa Morita, head of asset management products at Societe Generale and Christopher Friese, head of Lyxor ETF Asia-Pacific.
During his 13 years as a sales trader for Daiwa Securities, Uraoka was focused on the firm’s Japanese and international ETF brokerage business in not only Japan but also Hong Kong and London.
The appointment comes at a time when it has been reported that SocGen is putting Lyxor up for sale with French asset manager Amundi and Deutsche Bank’s DWS cited as possible buyers.
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