Gabelli Asset Management Tokyo Office Started

GAMCO Investors, Inc. (NYSE: GBL) announced the appointment of Mitsuyoski Kikuchi to establish an office in Tokyo. He joins Caesar Bryan and Mark Yim from our Rye office to establish our research and sales effort in Japan.

GAMCO has research offices in Shanghai and Hong Kong and this move further underscores Gabelli’s commitment to building its presence and capabilities in the region.

"I am privileged to have this opportunity to lead GAMCO’s expansion in Japan. GAMCO has an exemplary record in value investing, and we will leverage this expertise in Japan. I believe that Japan is fertile for investment opportunities,” said Mr. Kikuchi.

Mr. Kikuchi has 24 years experience in global market experience focused on Japan, most recently with Mizuho Securities Co., Ltd. He previously was with Macquarie Capital Securities Limited in Japanese equity sales, following nearly six years with Jardine Fleming Securities (prior to its acquisition by JP Morgan Securities) and close to a dozen years at New Japan Securities as an analyst and research sales in Tokyo and New York.

Commenting on the addition of Mr. Kikuchi to the firm’s Asian operations, GAMCO’s COO Douglas Jamieson said, "Mr. Kikuchi will add significantly to our research and sales efforts in Japan. He will implement investment offerings of our U.S. strategies for the Japanese markets and oversee the firm’s efforts to take advantage of the many value and growth opportunities we see in Japan.”

GAMCO Investors, Inc., through its subsidiaries, manages private advisory accounts (GAMCO Asset Management Inc.), mutual funds and closed-end funds (Gabelli Funds, LLC), and partnerships and offshore funds (Gabelli Securities, Inc.). As of March 31, 2011, assets under management (AUM) were $35.4 billion.

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