COLUMBUS, Ga., April 16, 2015 /PRNewswire/ -- Aflac Incorporated (NYSE: AFL) announced today that it has hired Hideto Yamamoto as senior vice president; chief investment officer of Aflac Japan. In this capacity, Yamamoto will report globally to Executive Vice President; Global Chief Investment Officer Eric M. Kirsch, while reporting locally to Aflac Japan Executive Vice President of Planning and Research, Risk Management and Compliance Masatoshi Koide. Based out of the Tokyo office, Yamamoto will chair the Japan Internal Investment Committee and become a member of Aflac Japan's management committee. He will also be responsible for leading and managing Aflac Japan's team of investment professionals, while having oversight responsibility for ensuring execution of globally approved investment strategy of the Aflac Japan portfolio. He will be a member of the Global Investment Committee and the Global Investment's Executive Committee.
Yamamoto brings nearly three decades of international financial and leadership experience to Aflac. Since 2000, he has served in roles of increasing responsibility at DIAM International, most recently serving as chief executive officer and chief investment officer in the company's London office. In his position, he broadened product offerings in Europe, the Middle East and Africa, reorganizing the business development group and strengthening governance structures. Previously at DIAM International, Yamamoto was responsible for global fixed-income products and European equity products. Prior to joining DIAM, Yamamoto spent 15 years serving in roles of progressive responsibility at the Industrial Bank of Japan, which included portfolio management, and economic research. Yamamoto received his bachelor of arts degree in economics from Keio University in Tokyo.
Timothy "Chip" Stevens, managing director; global head of Macro Investment Strategy, Portfolio Solutions and Trading, who has been serving as acting chief investment officer of Aflac Japan for the last year, will return to Aflac's New York Global Investments office in May. He will assume his prior role while also taking on greater responsibilities, including expanding international investment and currency strategies and chairing the investment strategy group.
Executive Vice President; Global Chief Investment Officer Eric M. Kirsch commented, "We are pleased to welcome an investment veteran with Yamamoto-san's longstanding and multi-faceted investment skill set to our organization. I believe the decades of global experience he's established will further enrich Aflac Japan's investment management activities and our capacity to drive value and protect policyholders."
Aflac Japan Executive Vice President of Planning and Research, Risk Management and Compliance Masatoshi Koide added, "We are thrilled to have Yamamoto-san join Aflac as a key member of our investment senior management team. The rich experience he brings, combined with his international investment expertise, will enhance the depth and perspective of our investment team. We look forward to his contributions to Aflac's global investment function."
When a policyholder gets sick or hurt, Aflac pays cash benefits fast. For nearly six decades, Aflac insurance policies have given policyholders the opportunity to focus on recovery, not financial stress. In the United States, Aflac is the leading provider of voluntary insurance at the worksite. Through its trailblazing One Day PaySM initiative, Aflac U.S. can receive, process, approve and disburse payment for eligible claims in one business day. In Japan, Aflac is a leading provider of medical and cancer insurance and insures one in four households. Aflac individual and group insurance products help provide protection to more than 50 million people worldwide. For nine consecutive years, Aflac has been recognized by Ethisphere magazine as one of the World's Most Ethical Companies. In 2015, Fortune magazine recognized Aflac as one of the 100 Best Companies to Work For in America for the 17th consecutive year. Also, in 2015, Fortune magazine included Aflac on its list of Most Admired Companies for the 14th time, ranking the company number one in innovation for the insurance, life and health category. Aflac Incorporated is a Fortune 500 company listed on the New York Stock Exchange under the symbol AFL. To find out more about Aflac and One Day PaySM, visit aflac.com or espanol.aflac.com.
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" to encourage companies to provide prospective information, so long as those informational statements are identified as forward-looking and are accompanied by meaningful cautionary statements identifying important factors that could cause actual results to differ materially from those included in the forward-looking statements. We desire to take advantage of these provisions. This document contains cautionary statements identifying important factors that could cause actual results to differ materially from those projected herein, and in any other statements made by company officials in communications with the financial community and contained in documents filed with the Securities and Exchange Commission (SEC).
Forward-looking statements are not based on historical information and relate to future operations, strategies, financial results or other developments. Furthermore, forward-looking information is subject to numerous assumptions, risks and uncertainties. In particular, statements containing words such as "expect," "anticipate," "believe," "goal," "objective," "may," "should," "estimate," "intends," "projects," "will," "assumes," "potential," "target" or similar words as well as specific projections of future results, generally qualify as forward-looking. Aflac undertakes no obligation to update such forward-looking statements. We caution readers that the following factors, in addition to other factors mentioned from time to time, could cause actual results to differ materially from those contemplated by the forward-looking statements: difficult conditions in global capital markets and the economy; governmental actions for the purpose of stabilizing the financial markets; defaults and credit downgrades of securities in our investment portfolio; exposure to significant financial and capital markets risk; fluctuations in foreign currency exchange rates; significant changes in investment yield rates; credit and other risks associated with Aflac's investment in perpetual securities; differing judgments applied to investment valuations; significant valuation judgments in determination of amount of impairments taken on our investments; limited availability of acceptable yen-denominated investments; concentration of our investments in any particular single-issuer or sector concentration of business in Japan; decline in creditworthiness of other financial institutions; deviations in actual experience from pricing and reserving assumptions; subsidiaries' ability to pay dividends to Aflac Incorporated; changes in law or regulation by governmental authorities; ability to attract and retain qualified sales associates and employees; decreases in our financial strength or debt ratings; ability to continue to develop and implement improvements in information technology systems; interruption in telecommunication, information technology and other operational systems, or a failure to maintain the security, confidentiality or privacy of sensitive data residing on such systems; changes in U.S. and/or Japanese accounting standards; failure to comply with restrictions on patient privacy and information security; inability to recognize tax benefits associated with capital loss carryforwards; level and outcome of litigation; ability to effectively manage key executive succession; catastrophic events including, but not necessarily limited to, epidemics, pandemics, tornadoes, hurricanes, earthquakes, tsunamis, acts of terrorism and damage incidental to such events; ongoing changes in our industry; events that damage our reputation; and failure of internal controls or corporate governance policies and procedures.
Analyst and investor contact – Robin Y. Wilkey, 706.596.3264 or 800.235.2667; FAX: 706.324.6330 or [email protected]
Media contact – Catherine Blades, 706.596.3014; FAX: 706.320.2288 or [email protected]
SOURCE Aflac Incorporated