Latest news with #OCIO
Business Wire
17-07-2025
- Business
- Business Wire
Franklin Templeton Hires Rich Nuzum as Head of OCIO
SAN MATEO, Calif.--(BUSINESS WIRE)--Franklin Templeton today announced that Rich Nuzum, former Executive Director, Investments for Mercer, has joined Franklin Templeton Investment Solutions (FTIS) as Head of OCIO. Nuzum will be based in New York and report directly to Adam Petryk, Head of Franklin Templeton Investment Solutions. Effective July 28, Nuzum will lead the development and expansion of the OCIO business at FTIS, building on the successful growth of the firm's solutions business over the past several years. As clients increasingly tap into the extensive investment capabilities Franklin Templeton offers, FTIS fulfills a strategic role as an access point to these capabilities. Developing the OCIO business is a natural extension of this strategy. Jenny Johnson, President and CEO of Franklin Templeton said, 'We are excited to welcome Rich to Franklin Templeton. The OCIO business is a key strategic priority as asset owners seek streamlined operations, top-tier investment expertise, and cost efficiency. Rich's extensive global, solutions-oriented experience will be instrumental in advancing our OCIO offering. His leadership will help us deliver integrated, personalized advice that go beyond individual products.' Rich Nuzum, Head of OCIO added, 'I look forward to joining Franklin Templeton Investment Solutions in a capacity where I can help our clients strategically navigate their portfolios. As alternatives continue to grow, I am proud to be part of a team that leverages best-in-class research to deliver holistic, customized solutions aligned with each client's investment objectives and risk tolerance.' Nuzum joins Franklin Templeton from Mercer where he spent more than three decades providing investment consulting advice to institutional investors. Nuzum holds an MBA in analytic finance and accounting from the University of Chicago and a bachelor's degree in mathematical sciences and mathematical economic analysis from Rice University. Rich also did graduate work in international economics at Tokyo University. He is a CFA® charterholder and a member of the CFA Institute. Franklin Templeton Investment Solutions launched its first strategy in 1996 and, as of June 2025, manages $93 billion in assets with a team of over 100 multi-asset investment professionals. FTIS builds asset allocation, quantitative, and hedged strategy solutions for clients worldwide, leveraging the best thinking from across Franklin Templeton. The platform implements an integrated investment process and is supported by a dedicated manager research team that covers strategies both within and beyond Franklin Templeton. About Franklin Templeton Franklin Resources, Inc. (NYSE: BEN) is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 150 countries. Franklin Templeton's mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions. Through its specialist investment managers, the Company offers specialization on a global scale, bringing extensive capabilities in equity, fixed income, alternatives and multi-asset solutions. With more than 1,500 investment professionals, and offices in major financial markets around the world, the California-based company has over 75 years of investment experience and $1.6 trillion in AUM as of June 30, 2025. The Company posts information that may be significant for investors in the Investor Relations and News Center sections of its website, and encourages investors to consult those sections regularly. For more information, please visit All investments involve risk, including possible loss of principal.
Yahoo
15-07-2025
- Business
- Yahoo
Mizuho (MFG) and Mercer Team to Offer Comprehensive OCIO Services
Mizuho Financial Group, Inc. (NYSE:MFG) is one of the 13 Best Japanese Stocks to Buy According to Hedge Funds. On May 20, Mizuho Financial Group, Inc. (NYSE:MFG) announced a new partnership with Mercer Japan Limited and Mercer Investments (Japan) Limited. This strategic collaboration has been formed to offer Outsourced Chief Investment Officer (OCIO) services in Japan. A portfolio manager scanning the stock market numbers projected on a large wall monitor. Through this partnership, Mizuho Financial Group, Inc. (NYSE:MFG) will provide OCIO services to major clients in Japan, including pension funds and educational institutions. These services will be delivered through Asset Management One Co., Ltd., which is an asset management subsidiary of Mizuho Financial Group, Inc. (NYSE:MFG). This partnership will allow Mizuho Financial Group, Inc. (NYSE:MFG) to further improve its offerings and offer comprehensive and innovative solutions to asset owners. These solutions will include advanced and optimized asset management across asset classes, improved risk management, and reliable reporting and oversight. The collaboration also aims to address challenges like a shortage of specialized talent. Mizuho Financial Group, Inc. (NYSE:MFG) is a Japanese multinational bank holding company that offers comprehensive financial and strategic services, including banking, securities, trust and asset management, credit card, private banking, and venture capital. While we acknowledge the potential of MFG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best American Semiconductor Stocks to Buy Now and 11 Best Fintech Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Japan Times
09-06-2025
- Business
- Japan Times
Goldman CIO service suddenly catches on in Japan after 10 years
It took more than a decade of trying, but Goldman Sachs last year landed the first client for its business of helping institutions manage their money in Japan. A second pension signed up in early 2025. Now about 10 more potential customers are in the pipeline, according to Kenro Tsutsumi, head of Goldman Sachs Asset Management Japan. The sudden influx of business reflects an increased willingness of Japanese institutional investors to hire third parties to help oversee their trillions of dollars in assets. More global financial firms are seeking to offer the service, known as outsourced chief investment officer (OCIO), in a bid to generate stable fee income. "This business is a top priority for us,' Tsutsumi said in an interview in Tokyo. "It's a big opportunity.' The return of inflation after two decades has added pressure on Japan's pensions and insurance companies to seek higher returns. The government has also been urging asset owners to better serve their beneficiaries, including by tapping the expertise of OCIOs. Financial firms, for their part, are increasingly viewing asset management as a steady source of revenue growth in an unpredictable business environment. Globally, the OCIO industry's assets are expected to grow about 7.9% a year on average through 2028, consulting firm Cerulli Associates said in a November report. In Japan, Goldman is going up against the likes of BlackRock and Marsh & McLennan's Mercer, which have also signed up large clients recently. Goldman can compete in the OCIO space through an ability to provide its own investment products across traditional and private assets, said Tsutsumi, a veteran of more than two decades at the U.S. bank who took the top job at the Japan asset management division at the start of 2024. He declined to give the names of its two clients in Japan, citing confidentiality. BlackRock said it has made six deals for outsourced investment services in Japan to manage a total of ¥2.5 trillion ($17.3 billion). One of the clients included the corporate pension of NEC. Last month, Mercer said it will provide OCIO services to Mizuho's local customers, including pensions and educational institutions, through the Japanese bank's Asset Management One unit. For the OCIO business, "Japan is probably the biggest single country-specific opportunity we have,' Graham Elliot, head of Asia wealth at Mercer, said in an interview. One catalyst came last year when the Cabinet Office released guidelines encouraging asset owners such as pensions, insurers and university endowments to consider using external knowledge and outsourcing, he said. Japan has the largest pool of retirement savings in the world through the $1.8 trillion overseen by the Government Pension Investment Fund. But the country's corporate pensions also hold around ¥84 trillion in assets, according to data from three industry associations. Elliot compared Japan's current corporate defined-benefit pension system to that of the United Kingdom in their evolution process. In the past two decades, British companies have increasingly embraced outsourced services, and Japan is moving in that direction as well, he said. Japan's life insurance market — with about ¥790 trillion of individual life and annuity policies at the end of 2023 — is the second largest in the world, also providing a ripe potential source of business for such third-party asset management services. For Goldman, managing a portion of assets for more corporate pension clients or insurers is a priority to expand its asset and wealth management business, Tsutsumi said. Senior managers see Japan as a key area in the revamped division, he added. "The environment in Japan is attracting a lot of attention from overseas,' he said.
Business Times
08-06-2025
- Business
- Business Times
Goldman CIO service suddenly catches on in Japan after 10 years
[TOKYO] It took more than a decade of trying, but Goldman Sachs last year landed the first client for its business of helping institutions manage their money in Japan. A second pension was signed up in early 2025. Now about 10 more potential customers are in the pipeline, according to Kenro Tsutsumi, head of Goldman Sachs Asset Management Japan. The sudden influx of business reflects an increased willingness of Japanese institutional investors to hire third parties to help oversee their trillions of US dollars in assets. More global financial firms are seeking to offer the service, known as an outsourced chief investment officer, in a bid to generate stable fee income. 'This business is a top priority for us,' Tsutsumi said in an interview in Tokyo. 'It's a big opportunity.' The return of inflation after two decades has added pressure on Japan's pensions and insurance companies to seek higher returns. The government has also been urging asset owners to better serve their beneficiaries, including by tapping the expertise of OCIOs. Financial firms, for their part, are increasingly viewing asset management as a steady source of revenue growth in an unpredictable business environment. Globally, the OCIO industry's assets are expected to grow about 7.9 per cent a year on average to 2028, consulting firm Cerulli Associates said in a November report. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up In Japan, Goldman is going up against the likes of BlackRock and Marsh & McLennan Cos' Mercer, which have also signed up large clients recently. Goldman can compete in the OCIO space through an ability to provide its own investment products across traditional and private assets, said Tsutsumi, a veteran of more than two decades at the US bank who took the top job at the Japan asset management division at the start of 2024. He declined to give the names of its two clients in Japan, citing confidentiality. BlackRock said it has made six deals for outsourced investment services in Japan to manage a total of 2.5 trillion yen (S$22.2 billion). One of the clients included the corporate pension of NEC. Last month, Mercer said it will provide OCIO services to Mizuho Financial Group's local customers, including pensions and educational institutions, through the Japanese bank's Asset Management One unit. For the OCIO business, 'Japan is probably the biggest single country-specific opportunity we have', Graham Elliot, head of Asia wealth at Mercer, said. One catalyst came last year when the Cabinet Office released guidelines encouraging asset owners such as pensions, insurers and university endowments to consider using external knowledge and outsourcing, he said. Japan has the largest pool of retirement savings in the world through the US$1.8 trillion overseen by the Government Pension Investment Fund. But the country's corporate pensions also hold around 84 trillion yen in assets, according to data from three industry associations. Elliot compared Japan's current corporate defined-benefit pension system to that of the UK in their evolution process. In the past two decades, British companies have increasingly embraced outsourced services, and Japan is moving in that direction as well, he said. Japan's life insurance market – with about 790 trillion yen of individual life and annuity policies at the end of 2023 – is the second largest in the world, also providing a ripe potential source of business for such third-party asset management services. For Goldman, managing a portion of assets for more corporate pension clients or insurers is a priority to expand its asset and wealth management business, Tsutsumi said. Senior managers see Japan as a key area in the revamped division, he added. 'The environment in Japan is attracting a lot of attention from overseas,' he said. BLOOMBERG
Yahoo
05-06-2025
- Business
- Yahoo
Meketa Investment Group Welcomes New Shareholder
BOSTON, June 05, 2025--(BUSINESS WIRE)--Meketa Investment Group ("Meketa"), a global investment consulting and fiduciary management (OCIO) firm, today announced it has expanded its employee ownership to include one new shareholder. Matt Curran, CFA, CAIA, has joined the firm's ownership group, recognizing his significant contributions to Meketa's research and consulting work. With employee ownership of over 70 shareholders, Meketa continues its growth trajectory. Curran is a Research Consultant on Meketa's Public Markets Manager Research team, where he plays a key role in the evaluation and selection of equity investment managers. He joined Meketa in 2017 and has since supported the firm's consultants in delivering manager research insights to clients. Matt holds a Bachelor of Arts in Biology from the College of the Holy Cross and is both a Chartered Financial Analyst® (CFA) and a Chartered Alternative Investment Analyst (CAIA) charterholder. "Two of our values focus on growth and culture," said Peter Woolley, Managing Principal and Co-Chief Executive Officer at Meketa. "Matt becoming a shareholder reinforces both these critical values, as we support the growth of resources and foster an environment in which employees thrive." "Matt's elevation to shareholder reflects the dedication and insight he brings to our manager research platform," said Hayley Tran, CFA, CAIA, Head of Global Equity Research. "His thoughtful approach to equity manager selection has helped strengthen our recommendations and, ultimately, our client portfolios." Meketa remains committed to providing independent advice and customized investment solutions for clients across the public and private sectors, endowments and foundations, and other institutional investors. Meketa serves as a true partner, fostering deep relationships to understand each client's distinct mission and goals, and delivering best-in-class advice, support, and execution to help them achieve their investment objectives. About MeketaFounded in 1978, Meketa is an employee-owned, full-service investment consulting and fiduciary management (OCIO) firm. As an independent fiduciary, the firm serves institutional investors in nondiscretionary and discretionary capacities. Meketa's collective client assets under advisement represent approximately $2.3 trillion as of December 31, 2024. For more information, please visit View source version on Contacts Daniel AbramsonGregory FCAdabramson@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
