T. ROWE PRICE GROUP, INC. announced the establishment of the firm’s Tokyo-based Multi-Asset team with the relocation of Richard Coghlan, global solutions portfolio manager, from the firm’s headquarters in Baltimore to Tokyo and the appointment of Hajime Takigawa as a solution strategist.
Richard Coghlan is a global solutions portfolio manager in the Multi-Asset Division of T. Rowe Price and co-portfolio manager of the Real Assets Strategy. He is also a member of the Multi-Asset Steering Committee.
Coghlan has 22 years of investment experience spanning across the US, the Philippines, South Korea and Hong Kong, and is experienced in building and managing successful investment solutions for Asian investors. In his expanded Tokyo-based role, Coghlan will work with the firm’s Asia Pacific-based team to develop appropriate income solutions for local markets in the region, while retaining his current responsibilities.
Hajime Takigawa brings over 15 years of portfolio management experience in Japan with global investment firms. He joins from Russell Investments where he was most recently a senior portfolio manager and team leader of Russell Implementation Services and Client Portfolio Management teams. Prior to that, he worked in portfolio management and investment strategist roles within the Active Equity Department at Barclays Global Investors (now merged with BlackRock).
In his new role, Takigawa will support the delivery of investment solutions by leveraging T. Rowe Price’s full range of investment capabilities within equities, fixed income and multi-asset. He will partner closely with teams across all investment and distribution divisions in the design of custom investment strategies that best meet the needs of local investors. He reports to Hong Kong-based Thomas Poullaouec, head of Multi-Asset Solutions for Asia-Pacific.
“As Japan enters the era of ‘The 100-Year Life’, individuals, institutions and the government are preparing for a time when millions can expect to live for a century. T. Rowe Price is committed to helping generate sustainable return and income for retirement-oriented investors with our multi-asset solutions,” says Naoyuki Honda, country head of T. Rowe Price Japan.
“We are very excited to extend our multi-asset expertise and offerings to Japan to serve increasing demand from local investors for new solutions and diversification needs,” says Sebastien Page, head of Global Multi-Asset at T. Rowe Price.
“Japanese investors and retirement savers typically rely on fixed income products to achieve their investment goals. As fixed income yields decline globally, the gap between their investment returns and yield expectation widens. Investors will benefit from finding new solutions to meet their yield expectations,” he adds.
T. Rowe Price, a global multi-asset provider, aims to offer multi-asset solutions, such as retirement-oriented strategies, liquid alternatives and income solutions, that can diversify the current portfolios of Japanese investors.
The establishment of the team also underscores T. Rowe Price’s strategic commitment to the expansion of its Multi-Asset Solutions business globally and is the latest addition to the firm’s Multi-Asset team in Asia-Pacific, following the appointments of Thomas Poullaouec as head of Multi-Asset Solutions for Asia-Pacific in 2017, and the appointments of Wenting Shen and Nathan Wang as Hong Kong-based multi-asset solution strategist and multi-asset solution analyst, respectively, in 2018.
T. Rowe Price’s experience managing multi-asset portfolios began in 1990. Its Multi-Asset Solutions group leverages the firm’s global investment platform to achieve comprehensive asset allocation through a holistic combination of strategic portfolio design, tactical asset allocation and active security selection. As of June 30 2019, the group had 67 multi-asset professionals worldwide and US$332.5 billion in multi-asset portfolios.