Aberdeen Standard Investments (ASI) has announced it has been granted licences in Japan for Type I and Type II Financial Instruments, and confirmed the appointment of Hidetoshi Ono as head of direct real estate in Japan.
The new trading licences enable Aberdeen Standard Investments to broaden its offering in Japan, includings offshore services across a wide variety of asset classes.
ASI has been expanding its presence in Japan for several years, with the new developments building on the securities licence the company acquired in June this year.
Ono joins as the firm's first head of direct real estate. He comes to the company from Manulife, where he was managing director, Japan Real Estate. Prior to that, he was with AXA Real Estate, ING Real Estate, General Electric and Mitsui Fudosan.
Neil Slater, CEO and representative director of Aberdeen Standard Investments Japan, commented: "Obtaining new regulatory licenses, together with the added ability of local direct real estate investment for both our global and local clients, reflects our intent to build a long-term, sustainable business in Japan."
Kang Puay Ju, head of Real Estate Asia Pacific and global head of Real Estate Multi-Manager, Aberdeen Standard Investments, added, "Ono-san's strong credentials and track record in the Japanese market will prove invaluable as we continue to build out our Asia-Pacific real estate investment platform following the acquisition of Orion Partners."