About Bayview Asset Management

Corporate Information

Corporate Overview

Name Bayview Asset Management Co., Ltd.
Location Bancho House, 29-1 Ichibancho Chiyoda-ku,
Tokyo 102-0082, JAPAN
Tel: +813-5210-3341 Fax: +813-5210-3385
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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
Financial Instruments Firm Registration Number Kanto Local Finance Bureau Director-General (FIF) No. 397
Securities and Exchange Surveillance Commission
Membership The Investment Trusts Association, Japan
Japan Investment Advisers Association
Number of Officers and Employees 68
(as of April 1, 2021)
President and
Chief Executive Officer
Ken Yagi
Executive Vice President Rieko Shimojo
Board of Directors Yuji Kudo
Executive Officers Hiroaki Iwata
Auditors Tsuneo Suzuki
Nobuaki Tomaru
Legal Counsel Anderson, Mori & Tomotsune Law Office
Shareholder Bayview Holdings Co., Ltd.
(a holding company mainly owned by officers and employees of Bayview Asset Management Co., Ltd.)
Asset Under Contract JPY 400.8 billion
(As of March 31, 2021)
Note: Assets denominated in foreign currency are converted at US$1=JPY110
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)

Organization

Organization Chart

Corporate Management Team

(Ken Yagi)

President and Chief Executive Officer
Ken Yagi

(Rieko Shimojo)

Executive Vice President
Rieko Shimojo

(Yuji Kudo)

Director
Yuji Kudo

(Hiroaki Iwata)

Chief Financial Officer
Hiroaki Iwata

(Tsuneo Suzuki)

Auditor
Tsuneo Suzuki

(Nobuaki Tomaru)

Auditor
Nobuaki Tomaru

(写真)

Board of Directors:
Decision-making committee for corporate management,which also supervises business execution
Ken Yagi, Rieko Shimojo, Yuji Kudo, Tsuneo Suzuki, Nobuaki Tomaru

(写真)

Board of Executive Officers:
Decision-making committee for business execution
Ken Yagi, Rieko Shimojo, Hiroaki Iwata

Company History

January 1998 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 (until 2010, reappointed in 2012, 2015, 2019,2020 and 2021)
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.
August 2014 Bayview Asset Management formed exclusive alliance in Japan with venture capital, ZenShin Capital Management LLC (current GoAhead Ventures LLC), based in San Francisco
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
(Photo)

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.

(Photo)

Director
Yuji Kudo

Yuji Kudo joined Bayview Asset Management Co., Ltd. (BVAM) as director in June 2014. He started his career in 1967 when he joined Nikko securities Co., Ltd. After receiving training in London and Hong Kong, he became engaged in asset management operations, joining the Foreign Investment Advisory Office of Nikko Research Center Ltd. in July 1973 and being seconded to an American Japan fund (specializing in investment in Japan) from 1976. Yuji became president and representative director of Schroder Investment Management (Japan) Ltd. in 1985. Since 2004, he was also the representative of y2e Consulting and advisor to Gartmore Asset Management Ltd.(Current Janus Henderson Investors (Japan) Limited) He also serves as a committee member on the Japan Investment Advisers Association Discipline Committee, a director of the International Management Association and part-time lecturer at the universities of Waseda, Kobe and Osaka. Yuji received a L.L.B. in law from Tohoku University in 1967.

(Photo)

Executive Vice President
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 Representative Director & Executive Vice President, a position that she serves to date. She was also appointed as a Director of Japan Investment Advisers Association in 2019 (reappointed in 2020 and 2021). 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 Executive Management Program (EMP) at University of Tokyo in September 2014, completed the Graduate School of Economics in 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.

(Photo)

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 Kokusai 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).

(Photo)

Auditor
Tsuneo Suzuki

Tsuneo Suzuki joined Bayview Asset Management Co., Ltd. (BVAM) in June 2014 as an advisor, and was appointed as auditor in the following month of July. In 1976, he started his career at Yamaichi Securities Co., Ltd. where he became assistant manager of Marketing Planning Division and the manager of the Machida, Kita Kyushu, and Ikebukuro branch offices, respectively. In 1998, he moved to Commerzbank AG. After serving as the as general manager of the Marketing Division, in 2003, he joined E*TRADE Securities Co.,Ltd.(current SBI Securities Co.,Ltd.) where he supervised online and face-to-face sales as the general manager of the Marketing Planning Division. Following this, in 2004, Tsuneo joined the Financial Services Agency (FSA) where he performed many inspections of financial institutions as an inspector in the Inspection Division and Inspection Coordination Division of the Securities and Exchange Surveillance Commission (SESC). He was promoted to become the first chief inspector with a private industry background in July 2011. Tsuneo received a B.A. in economics from Fukushima University in 1976 and is a Certified Fraud Examiner.

(Photo)

Auditor
Nobuaki Tomaru

Nobuaki Tomaru has been Auditor for Bayview Asset Management Co., Ltd. (BVAM) since April 2002. 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.