Beazley joined Nikko AM in London in 2006 as president of the international offices and has been in Japan with the firm since 2010 looking after its Asian operations and domestic institutional business.
He said it was a "privilege" to be asked to lead Nikko AM, a firm passionate about Asia and its people, but also hinted at further expansion outside Asia, through managing Asian assets for international clients and connecting western financial services companies to Nikko AM’s network in the region.
Back in January Nikko AM appointed Geoffrey Post as head of international product development, a role designed to develop the firm’s proposition outside its domestic Japanese market.
This most recent appointment shows further commitment from Nikko AM to go global, since Beazley has experience working in Europe, the US and Asia.
Prior to joining Nikko AM he was a board director of Gartmore PLC London and head of global institutional and alternative investments and chairman of Gartmore Japan.
Before that he spent 13 years at Merrill Lynch in both debt and equity capital markets and asset management, where he was managing director and lived and worked in the UK, France and the US.
McCarthy, who has been at the helm of Nikko AM for eight years, said: "I am so proud of what the company has accomplished. I now feel it is right for the team, with Charles at the helm, to take over the management and continue to build on our dream of providing investment solutions to millions of Asian consumers and our regional expertise to many international institutions."
During McCarthy’s time at the firm, AUM grew from $50bn to over $150bn and acquired a number of investment management firms in places such as China, Australia, New Zealand, Singapore and Hong Kong.
