DeSerio is based in New York and joined the firm in January as US head of sales. Previously, he worked for Invesco as a managing director.
“Clients have been increasingly looking to allocate a greater share of assets globally, reflecting regional higher economic growth potential,” said DeSerio.
“As we position Nikko Asset Management to be a premier global asset manager, the ability to offer a wide range of investment capabilities to fulfill investor needs is absolutely essential.”
As part of its efforts to broaden institutional business in America, the firm recently entered into a distribution arrangement with the Chile-based investment advisory firm, VolcomCapital. The firm plans to make its Japanese equity and Asia ex-Japan equity strategies available in Chile.
“[DeSerio] will be upgrading our business development capability to meet the sophisticated needs of investors in America,” said Takuya Koyama, executive vice president and global head of sales.
The firm had $161.9bn in assets under management on 31 March.
Nikko AM recently announced the launch of two UCITS funds: a global equity fund and a global multi-asset fund, in effort to expand its EMEA business.