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Japan’s Government Pension Investment Fund (GPIF) has named ex-Goldman banker Eiji Ueda as its new Chief Investment Officer and Director, replacing Hiro Mizuno, whose term finished yesterday.
52-year-old Ueda, who was most recently co-head of Asia-Pacific Securities at Goldman Sachs in Hong Kong, took office today.
He was appointed by incoming president Masataka Miyazono, a former Norinchukin Bank executive and the President of Japan’s Corporate Pension Association, after approval from the Minister of Health, Labour and Welfare Katsunobu Kato.
Eyes will be on Ueda to see what his appointment means for Mizuno’s legacy of ESG and long-term capital market sustainability.
Under Mizuno, who became GPIF's first CIO in January 2015, the world’s largest pension fund saw one of the biggest ever portfolio overhauls by a pension …