PRI board investment manager election candidates: former Daiwa CIO Masaru Arai

Candidates for the one open asset manager board position.

Name: Masaru Arai
Title: Ex-CIO
Signatory organisation: Daiwa Asset Management
Signatory organisation seconding your candidacy: Resona Bank Ltd.

CANDIDATE STATEMENT
I was truly honoured to be nominated by the PRI board as a candidate to be a board member and to be elected at the mid-term election. My term has just started at the end of June, but I would like to stand in the 2015 annual election and contribute continuously to the three-year term starting January 2016.
Although Asian countries, and Japan in particular, have lagged behind other regions with regard to ESG integration, Japanese asset owners and asset managers have recently started to give serious consideration to ESG integration, accelerated by the introduction of the Japanese Stewardship Code in 2015.
I believe my extensive experience in responsible investment over ten years, along with my background as a mainstream investor for more than 20 years, could contribute to expand the PRI initiative in Asia in this crucial time of transition.
My own commitment to responsible investment started in the early 2000s, when Daiwa Asset Management launched governance funds and green funds, and I played an important role as the executive officer of investment working in the restructuring of Daiwa’s fund management processes. In 2006, Daiwa became a founding signatory of the PRI following my advice as CIO.
Japan Sustainable Investment Fund (JSIF), for which I act as the Chairman, is a Network Supporter of the PRI and works closely with the PRI Japan Network to advocate ESG integration to mainstream investors. JSIF and the PRI Japan Network co-hosted a conference on ESG investment by Japanese pension funds in 2013, and the annual conference on the Japanese Stewardship Code in 2014. JSIF also works with ASrIA – the Hong Kong Based SIF – which covers other Asian countries.
I have been a member of the FTSE4Good/FTSE ESG Advisory Committee for the last ten years as the only member from an Asian country and have contributed to developing criteria suitable for both West and East. I also became an initial member of the CDP Japan Advisory Group in 2009. I have extensive professional experience in Asia and in the Middle East besides the experience of working together with leading financial institutions and fund management firms in China, Singapore, Malaysia, India, Brazil, UK, Spain, Italy and Germany. Thanks to this track record, I am frequently appointed to be a member of committees established by the Ministry of the Environment and Ministry of Economy, Trade and Industry in Japan. With your support, I am committed to the further expansion of responsible investment and ESG integration in both Japan and other Asian countries.BIOGRAPHY

  • Chairman, Japan Sustainable Investment Forum (2012 to present)
  • CEO, Corporate Value Research institute (2014 to present)
  • Member, Advisory Committee, Criteria Sub-committee, FTSE4Good/FTSE ESG (2005 to
    present)
  • Member, CDP Japan Advisory Group (2009 to present)
  • Member, Independent Committee, Eco-stage Japan (2010 to present)
  • Member, Advisory Committee, Hitachi Foundation (2014 to present)
  • 12 years of experience in responsible investment
  • 20 years of experience in investment trust management industry
  • 19 years of experience in investment banking business

PROFESSIONAL EXPERIENCE HIGHLIGHTS

  • Daiwa Asset management Co. Ltd. (1992 to 2011)
  • Director & Senior Executive Officer, CIO (2003 to 2010)
  • CEO & CIO, Daiwa Asset Management Hong Kong Limited (1994 to 1997)
  • Daiwa Securities Co. Ltd. (1972 to 1992)
  • CEO, Daiwa ANZ International Limited (Currently Daiwa Securities Australia Limited) (1985 to 1992)
  • Account Officer, Central Banks and Sovereign Wealth Funds in Asia and Middle East (1983 to 1985)
  • General Manager Investment, Saudi Arabian Investment Company (1982 to 1985)
  • Daiwa Securities Paris Office (1993 to 1994)

ADDITIONAL EXPERIENCE HIGHLIGHTS

  • Member, Committee for ‘Disclosure on Health & Productivity by Listed Companies’ by the Ministry of Economy, Trade and Industry Japan (2015)
  • Member, Committee for ‘Health & Productivity Stock Selection’ by the Ministry of Economy, Trade and Industry Japan (2014)
  • Member, Committee for ‘Promoting business activities considering environmental issues‘ by the Ministry of the Environment Japan (2012 – 2013)
  • Member, Study Group on Integrated Reporting, CDSB Japan (2011 – 2012)
  • Member, Committee for ‘Promoting and Improving Environmental Finance‘ by the Ministry of
    the Environment, Japan (2008 – 2009)
  • Member, Investors Consultation Group, The Global Reporting Initiative (2005, 2007)