Nomura Asset Management has asked retired workers in its corporate group to form a team to help clients invest their pension funds, to survive in one of the world¡¯s fastest aging economies.

Eight of the newly created nine-member retirement solutions department are in their 60s and had previously retired, said the team¡¯s boss, Koji Nakamura. At only 56, he¡¯s the odd one out.

¡°Having employees who have actually experienced retirement allows us to better identify customer needs,¡± Nakamura said in an interview. ¡°Our mission is to cultivate the mindset of managing funds while gradually drawing down assets.¡±