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Nikko Asset head to resign over MMF cancellations.

Publication: Japan Weekly Monitor
Publication Date: 24-DEC-01
Format: Online
Delivery: Immediate Online Access

Article Excerpt
TOKYO, Dec. 17 Kyodo

Kazuyoshi Kimura, president of Nikko Asset Management Co., will resign to take the blame for massive cancellations of its money management funds (MMFs) following their prices plunge, the company said Monday.

Masafumi Hikima, executive managing director, 46, will replace Kimura, who will become chairman with...

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