Tokio Marine AM to Boost Staff by 100 as Risk Assets Sought (1)

Tokio Marine Asset Management Co. will increase staff to bolster its position in alternative assets and other investments as rising interest rates stoke investors’ risk appetite, according to its chief executive officer.

The Tokyo-based firm expects to increase the number of its employees to around 550 from the current 450 over the next three to five years, said CEO Kazuya Nagasawa in an interview.

The company plans to hire 50 people for the investment department, 10 for overseas operations, and 20 each for operations focused on individual investors and financial institutions. The Japanese firm had 434 group employees as of ...