Nomura Asset Management (AM) aims to at least double its assets under management (AUM) in the Asia region within the next few years.
This is according to Terence Lam, head of distribution for Asia ex-Japan at Nomura AM, who told a media briefing in Hong Kong that the firm hopes to achieve a more equal split between the firm’s retail, wholesale and institutional business in Asia.
As part of the asset manager’s global growth ambitions, Lam laid out the firm’s intentions to increase its presence among retail investors in Hong Kong and build more partnerships with local distributors.
He also revealed that Nomura AM plans to increase its headcount in the city within distribution, client servicing and marketing. The firm chose not to disclose its current AUM in Asia.
Nomura’s investment management division recently crossed $651bn in AUM globally, according to a statement from the firm in late October.
“I’m confident in our investment capabilities,” Lam said, while also highlighting the need to increase its brand awareness and pointed to the roll out of advertisements throughout the city of Hong Kong.
Nomura AM launched three equity and two fixed income funds in Hong Kong in April this year.
Executives from the firm told FSA in May it plans to launch more Ucits funds for the Hong Kong retail market as part of its growth ambitions.
“Hong Kong is a very important market for us,” said Kenichi Suzuki, head of the global business unit at Nomura AM.
