California-based Franklin Templeton’s Japan unit has appointed a 35-year financial veteran as its new president.

Franklin Templeton Japan has appointed Takashi Takamura as the president and country head of Japan, according to a statement, effective April 1. In the role, which will be formally confirmed at the firm’s extraordinary shareholders' meeting and board of directors meeting in late March, he will report to head of APAC Tariq Ahmad.

Takamura has 35 years of financial services experience and prior to joining Franklin Templeton, he was president and representative director at State Street Global Advisors, Japan. Previously, he also held senior management roles at Capital International K.K., Citigroup Asset Management (now part of Franklin Templeton Japan) and Mitsui Trust & Banking Co. (now known as Sumitomo Mitsui Trust Bank).

Wealth Channel

Takamura will succeed Suguru Kuwahata who will remain with the firm to take on a new role as vice president and head of wealth, Japan.

«The Japanese wealth channel stands at the threshold of unprecedented growth, fueled by technological innovation and a burgeoning appetite for financial sophistication and I am glad that a seasoned leader like Suguru Kuwahata will be leading our efforts in this space,» Ahmad commented.