Tokyo, Tuesday 13th October 2020 – Carne Group, the leading digitally driven industry platform to the global asset management industry, today announced the appointment of Dai Kazamatsuri as Lead Director for Carne Japan with responsibility for Carne’s Japanese clients and Japanese business development. Mr Kazamatsuri will focus on advising and providing solutions to Japanese Institutional Investors and managers across a wide range of asset classes from liquid assets to private credit, private equity, real estate and infrastructure assets.
Carne’s blue chip Japanese client base has been built up over many years and the appointment of Mr. Kazamatsuri, who has been based in Luxembourg for a number of years and is moving back to Tokyo, signals Carne’s long term commitment to its Japanese clients and partners. Mr. Kazamatsuri has a deep understanding of the Japanese, US and European markets and the requirements of Japanese promoters and investors who are looking to structure their fund ranges through European and other domiciles.
The Japanese market has seen a significant shift in recent years. The move by the Japanese Government Pension Fund (GPIF) to allocate money overseas and to increase its allocation to foreign bonds earlier this year, has paved the way for many Japanese Institutional Investors and asset managers to follow suit. As happened in the U.S. and European markets, this shift has resulted in increases allocations to alternative investment strategies such as private credit, private debt, private equity, infrastructure and real estate funds in search of higher yields against a continuing backdrop of low returns from Japanese government bonds.
Mr.Kazamatsuri who has spent 20 years working in the asset management industry, has held senior positions in both Japan and Europe. He joins Carne from Mizuho Trust & Banking’s Luxembourg subsidiary, where he spent ten years in senior roles leading their business planning and development. Most recently he was Senior Vice President heading up Mizuho’s fund business with a particular focus on large Japanese financial institutions.
Speaking about today’s announcement, Carne Group’s CEO, John Donohoe, said: “We are delighted that Dai has joined the team to help us expand our footprint in Japan. The growing interest by institutional investors in illiquid alternative assets underscores a shift within the investor community in Japan. We believe this creates even more opportunity for us to service our institutional investor and asset manager clients and to build on some very significant existing relationships.”
Dai Kazamatsuri commented: “I am excited to be joining Carne as it looks to grow its presence in Japan and around the world. Carne has ambitious plans for the Japanese market and I’m looking forward to serving our existing and new clients, whilst also developing our network of relationships.”
About Carne Group
Carne is the leading digitally driven industry platform to the Global Asset Management Industry and the premier global provider of fund management solutions including the provision of European management companies, fund platforms, independent fund directorships and other fiduciary services. Carne employs 300 people across 8 countries globally and is a governance and substance provider for assets of more than $1 trillion in AUM. Carne’s command and control technology system, CORR, provides risk and technology driven solutions for investment funds with $2 trillion in AUM.
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