The first major feat of succeeding in Japan, certainly, is cracking a market that is largely investment-averse. But at Nikko Asset Management, where an American-led restructuring is taking place, the evolution extends internally, the Financial Times reports.

Over the past two years, Timothy McCarthy, Nikko's chairman and chief executive officer, has done away with a number of Japanese business practices to the firm--including lifetime employment, seniority-based salaries and committee-run portfolios.

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