Bancho House, 29-1 Ichibancho Chiyoda-ku, Tokyo
102-0082, JAPAN Tel: +813-5210-3341 Fax:
+813-5210-3385 →Access Map
Established
January 7, 1998
Capital
JPY 100,000,000
Business
Investment Management Business (Investment Trust
Management and Discretionary Investment Management) Investment
Advisory and Agency Business The Second Financial
Instruments Business
The Investment Trusts Association, Japan Japan
Investment Advisers Association
Number of Officers and Employees
78 (as of October 1, 2025)
Chairman
Toshio Hirota
President and Chief Executive Officer
Ken Yagi
Executive Vice President and Chief Operating
Officer
Rieko Shimojo
Director and Chief Financial Officer
Hiroaki Iwata
Directors (Outside Director)
Kyouji Kumata Akihiro Wani
Executive Officer
Hideo Ueki
Auditors (Outside Auditor)
Yoshihiko Suzuki Hiroshi Wagatsuma
Advisor
Nobuaki Tomaru
Legal Counsel
Anderson Mori & Tomotsune
Shareholder
Bayview Holdings Co., Ltd. (a holding company
mainly owned by officers and employees of Bayview
Asset Management Co., Ltd.)
Asset Under Management
JPY 1,346.7 billion (As of September 30, 2025) Note:
Assets denominated in foreign currency are converted
at US$1=JPY148
Assessment on Internal Control
SOC (Service Organization Control) Reporting* obtained
from an independent external auditor (from FY2012) *Conducted
in accordance with “Auditing and Assurance Practice
Committee Practical Guideline No.86” published by the
Japanese Institute of Certified Public Accountants
until 2018 and, subsequently, “Assurance Engagements
Practical Guideline 3402” by the said Institute
thereafter.
Information Security Certification
Information Security Management System (ISMS)
Certification (ISO/IEC 27001:2013 (JIS Q 27001:2014))
obtained from an ISO certification body (from August
2019)
Financial Audit
Financial statement audit report obtained from an
independent external auditor(from FY2010)
Established as a 100% subsidiary of RS Investments, a
U.S. equity boutique investment firm that had started as
an asset management arm of Robertson Stephens &
Company based in San Francisco, to provide U.S. focused
investment advice to Japan's institutional clients
February 1998
Registered as an Investment Advisory Company at Kanto
Local Finance Bureau, started providing active
investment management services of U.S. equity
July 1999
Formed the exclusive business alliance in Japan with
Crosslink Capital, Inc.(founded in 1989 as a venture
capital arm of RSIM), a venture capital, based in San
Francisco
December 1999
Licensed as a Discretionary Investment Management
Company by the Financial Reconstruction Committee, and
entered into the pension fund management business
December 2000
Formed the exclusive business alliance in Japan with
Horsley Bridge Partners LLC, a private equity firm,
based in San Francisco
September 2001
Approved to manage currencies to meet the need to hedge
currency risks accompanied by foreign currency
denominated assets
April 2002
Acquired the majority equity ownership (90%) of the
company from RS Investments through a management buyout
June 2002
Licensed as an Investment Trust Management Company by
the Prime Minister of Japan
July 2002
Launched a Japanese equity hedge fund based on
fundamentals bottom-up research
June 2003
Appointed to serve on the Board of Directors of Japan
Investment Advisers Association for 7 terms
consecutively until 2010. Reappointed in 2012 and in
2015, and serving the position continuously since 2019.
January 2007
Changed its company name from RS Asset Management Japan
Co., Ltd. to Bayview Asset Management Co., Ltd.
January 2008
The 10th anniversary
April 2008
Formed the Board of Executive Officers, that acts as
decision-making committee for business execution
April 2011
Commenced recruiting university new graduates since
company was established
March 2013
Obtained the SOC (Service Organization Control)
Reporting on our internal control over discretionary
investment management business from an external
independent auditor
July 2013
Launched its first public investment trust for retail
investors
December 2013
Started managing a proprietary multi-asset strategy.
Launched AAA series fund (Active Asset Allocation Fund)
based on quantitative modeling approach.
July 2016
Formed an exclusive business alliance in Japan with
Victory Capital Management Inc., a multi-boutique asset
management firm, based in Cleveland
January 2018
The 20th anniversary
August 2019
Information Security Management System (ISMS)
Certification (ISO/IEC 27001:2013 (JIS Q 27001:2014))
obtained from an ISO certification body
December 2020
Formed an exclusive alliance in Japan with Siegfried
Capital Group based in Hong Kong and Taiwan.
August 2023
Formed a partial exclusive alliance in Japan with
Fasanara Capital Ltd., based in London.
President and Chief Executive Officer Ken Yagi
Ken Yagi established Bayview Asset Management Co., Ltd. (BVAM)
in January 1998, with funding and support from RS Investments
based in San Francisco. In April 2002, Ken, together with the
management team, acquired the share of BVAM from RS
Investments through management buyout, and made BVAM a truly
independent firm. Prior to joining BVAM, Ken was a Vice
President of the New Products Dept. at Nomura Securities Co.,
Ltd. During his 13 years of career at Nomura, he gained
experience in all areas of investment banking and investment
management, including retail sales, institutional sales &
marketing, product origination, and corporate finance. Ken
graduated from the Wharton School of the University of
Pennsylvania with an M.B.A., majoring in both finance and
entrepreneurial management in 1989. He received a B.A. in
commerce from Hitotsubashi University in Tokyo in 1984. Ken
had served on the Board of Directors of the Japan Investment
Advisers Association for nine terms since 2003.
Executive Vice President and Chief Operating Officer Rieko Shimojo
Rieko Shimojo joined Bayview Asset Management Co., Ltd. (BVAM)
in April 2002, and was promoted to General Manager of
Investment Management Services Division in April 2004. She,
then, became the head of International Business Development
Division in April 2006 and was appointed as Executive Officer
in April 2009 to oversee Investment Management Planning,
Global Investment Management, Legal, Investment Management
Operations, and Compliance divisions. She was appointed to be
on the Board of Directors in October 2014, and presided
portfolio management teams including Japanese Equities and
Global Multi Assets, Legal, and IT divisions. In June 2019,
she was promoted to Executive Vice President, a position that
she serves to date. In October 2023, Rieko additionally
assumed the role of Chief Operating Officer. She was also
appointed a member of the Board of the Japan Investment
Advisers Association in 2019 and has been serving the position
consecutively for the last seven terms. In September 2020, she
was appointed as an executive member of the Japan Chapter of
Bloomberg Women's Buy-Side Network (BWBN). Prior to joining
BVAM, Rieko had worked in marketing of alternative investment
products at Schroder Investment Banking in Tokyo. She started
her career in the investor relations services for Japanese
companies listed abroad. Rieko enrolled in the Executive
Management Program (EMP) at the University of Tokyo in
September 2014, completed the Graduate School of Economics at
the University of Tokyo with an M.A. majoring in contemporary
economics in March 2004, and received an LL.B. in laws from
Kyoto University in March 1995.
Director and Chief Financial Officer Hiroaki Iwata
Hiroaki Iwata joined Bayview Asset Management Co., Ltd. (BVAM)
as general manager of the Investment Management Planning
Division in October 2004, and was subsequently appointed as
general manager of the Marketing Planning Division, the
general manager of the Investment Management Operations
Division, the general manager of the Investment Management
Services Division and the general manager of the Corporate
Administrations & Operations. He was promoted to chief
financial officer in April 2011 and executive officer in July
2014. Prior to joining BVAM, he joined Yamaichi Securities
Co., Ltd. in 1990 and assigned to Yamaichi Investment Trust
Management Co.,Ltd. (current Mitsubishi UFJ Asset Management
Co., Ltd.), where he was engaged in the management of
investment trusts investing in Japanese equities, bonds and
convertible bonds. Since 1993, he has been responsible for
active management type investment trusts investing mostly in
Japanese equities as a fund manager. Thereafter, he took on
responsibilities from asset management product development,
marketing to documentation at the Product Planning Division,
Product Marketing Division and Sales Planning Division.
Hiroaki received a B.A. in science from Rikkyo University in
1990. He is a Chartered Member of the Securities Analysts
Association of Japan (CMA).
Nobuaki Tomaru joined Bayview Asset Management Co., Ltd.
(BVAM) in April 2002 as an outside auditor. Nobuaki started
his career at Arthur Andersen & Co. SC. Uno Tax Accountant
Office(current KPMG Tax Co.) in 1993. During his five years at
KPMG, he consulted with a wide range of Japanese and foreign
financial institutions including BVAM. He also dealt with
cases in Japanese leveraged leases, equity holdings ownership,
international investments, and lawsuits related to taxation.
In 1998, Nobuaki established the Tomaru Tax Account Office.
This office covers different accounts from manufacturers to
financial institutions and also offers consultation on
re-organization. Nobuaki received a B.A. in law from Keio
University in Tokyo in 1993. He is a Certified Public Tax
Accountant.
Kyoji Kumata joined Bayview Asset Management Co., Ltd. in
October 2022 as an outside director. After graduating from
Doshisha University, Faculty of Economics, he started his
career at Taiyo Life Insurance Company in 1977. He was first
engaged in the asset management business of the company,
including serving as the Manager of the Special Account
Management Dept. and the Manager of the Securities Investment
Dept. He then served as the Manager of the General Risk
Management Dept., the Manager of the Planning Dept. and the
Manager of the Overseas Business Dept. He became an Executive
Officer of the company in 2008 and a Director in 2009. In 2019
he retired from Taiyo Life Insurance Company as a Director and
Senior Managing Executive Officer. He also served as a
Managing Executive Officer of T&D Holdings, Inc. from 2015
to 2016, a Director of Union Life Insurance Co., Ltd. (China)
from 2007, and then was appointed as an advisor to the company
in 2022.
Kunihiko Morishita joined Bayview Asset Management Co., Ltd.
in October 2022 as an outside director. After graduating from
the University of Tokyo, he joined Anderson Mori &
Rabinowitz (currently Anderson Mori & Tomotsune) and
became a partner in 1995. He specializes in financial services
regulations and advises on a broad range of laws and
regulations related finance, including the Financial
Instruments and Exchange Act, the Investment Trust Act, the
Banking Act, and the Insurance Business Act. He has been a
member of the Financial Law Board (sponsored by the Bank of
Japan) from 1998 and a co-chair from 2015. He also serves as a
Statutory Auditor of the Japan Securities Clearing Corporation
(JSCC) and a Director of the Association of the Law of
Finance. He has an LL.M. at the University of Tokyo (obtained
in 1993).
Yoshihiko Suzuki joined Bayview Asset Management Co., Ltd. in
April 2023 as an outside auditor. Yoshihiko started his career
at Tohmatsu & Aoki Audit Corporation (current Deloitte
Touche Tohmatsu LLC) and was engaged in the audits of various
corporations, primarily financial institutions. In 2017,
Yoshihiko established his own firm, Yoshihiko Suzuki CPA
Office. He received a B.A. in the Faculty of Law, Politics
& Economics, Chiba University, in 1984. He is a Certified
Public Accountant.
Hiroshi Wagatsuma joined Bayview Asset Management Co., Ltd. in
July 2023 as an outside auditor. After graduating from the
Faculty of Law at Hitotsubashi University in 1979, he began
working for Mitsui Bank (currently known as Sumitomo Mitsui
Banking Corporation) where he engaged in banking and the
currency exchange business in a variety of departments,
including the International Banking Department and the
Exchange Finance Department in New York. Beginning from 1999,
he served as the head of the Planning Department and the head
of the Risk Management Department at Sakura Investment
Management (currently known as Sumitomo Mitsui DS Asset
Management Company), an affiliate of Mitsui Bank. Prior to
assuming his current position of auditor, he was also involved
in the integration of the group’s affiliate investment
management companies. In 2009, he became a senior financial
securities examiner in the Inspection Bureau of the Financial
Services Agency, where he was in charge of numerous financial
inspections, primarily pertaining to banks. He was appointed
as a full-time auditor of SMBC Consulting in 2014 (served
until 2019), and then as an auditor of Unico International
Corporation in 2019.
Toshio Hirota became Chairman of Bayview Asset Management Co.,
Ltd. (BVAM) in April 2024. Previously he was an Executive
Advisor when he joined BVAM in September 2023. After
graduating from the Faculty of Economics at the University of
Tokyo in 1981, he started his career at Nomura Securities.
After serving various positions at the Company, including the
Head of the Corporate Finance Department, he became a Director
of Nomura Securities (concurrently serving as Osaka Branch
Manager) in 2009. He became a full-time Auditor of the Nomura
Research Institute in 2011, and then an Executive Officer of
Nomura Securities in 2014. He joined Mizuho Securities in 2015
as an Executive Officer, and from 2017 served as a Senior
Director (with concurrent position of Executive Officer at
Mizuho Financial Group). In 2019 he joined SBI Securities as
an Executive Vice President, and in 2020 he became an
Executive Officer and Deputy Chairman of SBI Investment.
Hideo Ueki joined Bayview Asset Management Co., Ltd. (BVAM) in
August 2024, as an Executive advisor. In April 2025, he was
appointed as an Executive Officer.
Hideo started his career at The Long-Term Credit Bank of
Japan, Limited (currently SBI Shinsei Bank, Limited) in 1985,
where he was appointed as a corporate banking officer covering
local industry.
After joining LTCB UBS Brinson Asset Management (currently UBS
Asset Management (Japan) Ltd) in 1990, was engaged in
developing active quantitative asset allocation model
investing in Japanese, US and global equities. He then was
promoted to a director in 2002.
In 2007, Hideo joined Wellington Management Japan Pte Ltd., in
charge of overall strategic investment management including
products development along with risk monitoring of equity,
fixed income, and multi-asset products. He also served as a
member of corporate management committee there, and then in
2015 became a director.
Before joining BVAM, most recently in 2023, he was at Meiji
Yasuda Asset Management Company Ltd.
Hideo graduated from the Faculty of Law at the University of
Tokyo in 1985. In 1990, he received his Master of Business
Administration with honors, from George Washington
University.
Hideo is a Chartered Financial Analyst in US, as well as a
Certified Member Analyst of the Securities Analyst Association
of Japan.
Akihiro is admitted to the Japanese bar in April 1979 (and to
the New York State Bar in July 1983). He became a partner at
Mitsui, Yasuda, Wani & Maeda in May 1987, then a joint
managing partner at Linklaters Tokyo in April 2005, and
consecutively a senior counselor at Morrison & Foster in
May 2014. Since October 2023, he has been serving as a senior
counsel at GT Tokyo Law Offices (Greenberg Traurig). He is
appointed as a director (outside) of Bayview Asset Management
Co., in January 2025.
He received his LL.B. from The University of Tokyo in 1975,
his LL.M. from The University of Tokyo Graduate School of Law
and Politics in 1977, and his LL.M. from Columbia University
School of Law in 1982. He also served as a member of the
Financial Services Agency Financial Services Council for eight
years from January 2003, participating in studies and
deliberations on important matters related to domestic and
international finance, including financial systems and capital
markets. He is currently a member of the Financial Law
Committee, a counselor to the Financial Services Agency
(Financial Policies Monitor). He is also a professor emeritus
at Sophia University, and an Audit & Supervisory Board
Member at Tokio Marine Holdings, Inc.
