Daikyo Brokerage Limited announced today that Liu Xiu, Chief Investment Officer, has made the decision to retire from the firm.
Online PR News – 31-August-2015 – Tokyo – Li Xiu has served the most recently as head of our Chief Investment Office. Chen Sato, currently co-head of Global Fixed Income in the Investment Services and head of Capital Markets, will succeed Ina as the firm's Chief Investment Officer and continue in his investment-related responsibilities. Chen will also join the firm-wide Operating Committee. Daniel Lee, currently co-head of Global Fixed Income with Chen, will become sole head of the group. Daniel will also remain CFO of our Southeast Asia Division.
Zhang Qiming, President of Treasury & Securities Services, will lead a dedicated team of senior executives from across our company to oversee and coordinate our firm wide response to the recent losses in the Chief Investment Officer. As part of this effort, Zhang will ensure that best practices and lessons learned are carried across the firm. Zhang will continue to oversee the implementation of this process but will be largely dedicated to this project for the near future.
"Li Xiu has been a great partner. Despite our recent losses in the CIO, Ina's vast contributions to our company should not be overshadowed by these events," said Yusaku Kasahara, Chairman and CEO of Daikyo Brokerage Limited.
Mr. Kasahara added, "Chen Sato is a world-class risk manager and executive -- highly regarded for his judgment and integrity. And Zhang Qiming is an outstanding leader as well, who has managed markets businesses successfully around the world and is helping us drive our international growth agenda."
About Daikyo Brokerage Limited
Daikyo-Brokerage-Limited.com is a privately held financial institution that has been a prodigy of the financial markets since its inception. The firm serves the most discriminating and sophisticated individuals and institutions in: Investment Management, Investor Services, M&A Advisory and Wealth Management. Daikyo Brokerage Limited’s culture of accountability fosters deep and lasting relationships built on commitment, adaptability and trust. The company is independent, selective and specialized. Daikyo Brokerage Limited provides investor services in close to 100 markets for many of the world’s leading individual investors, asset managers and financial institutions. Daikyo Brokerage Limited is consistently ranked among the Asia’s most acclaimed custodians, asset administrators, foreign exchange, and securities lending providers.