Nikko AM promotes DeSerio to expand in US

Added 28th July 2015

The Tokyo-based firm has promoted Fred DeSerio, US head of sales, who will now also serve as senior managing director and co-head of the business for the US.

Nikko AM promotes DeSerio to expand in US

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. 

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