Baring Asset Management is set to lose its head of Japanese equities, Joji Maki, after deciding to relocate his team to London.
He will continue to lead the team as Barings moves the equity capabilities from Tokyo but is expected to leave in the first half of 2009. He is lead manager of the Japan Growth Trust.
This follows a relocation of the group’s American equities team to London earlier this year and is part of the plans to centralise all developed market equity teams under a global umbrella in London.
Barings refused to comment on whether Maki will be replaced next year.
Maki joined Barings in 2000 as senior director and head of the Japanese equity investment team responsible for a team of eight investment professionals.
It has also been reported that James Calder, the head of the multi-manager team, and Susannah Lloyd, the head of European equities, were made redundant by Barings but the company again refused to comment.