Aflac Names Yamamoto Japan Investing Head, Reporting to Kirsch

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Aflac Inc. hired Hideto Yamamoto as chief investment officer in Japan, the insurer’s largest market, as the company copes with low bond yields.

Yamamoto will replace Chip Stevens, the former BlackRock Inc. fixed-income trader, who held the CIO role in an acting capacity, according to a statementBloomberg Terminal Thursday from Columbus, Georgia-based Aflac. He joins from DIAM International, an asset manager where he rose to chief executive officer.