Nomura Asset Management UK (NAM) - local arm of the Japanese financial group - has received the go-ahead from the the Spanish Stock Exchange commission (Comisión Nacional del Mercado de Valores) for the distribution of its global fund range.
Laura Palomino, NAM's business development manger for Spain and Portugal, said that the move anticipated Spanish pension reform, which means all pension funds must be outsourced to external asset managers before November 2002.
She added: [This] is just the green light and the real job now begins. Nomura Asset Management has a business plan for the Spanish market, which targets not only institutional investors but the fund-of-funds and private banking channels of distribution as well.
By Madhu Kalia
The registration deadline for the Workplace Savings & Benefits Awards 2019 is today.
This week's top stories were the DWP giving the green light to CDC and TPR granting extensions for 11 master trust authorisation applications.
Susan Martin says building strong foundations for business are the only way forward as the pensions industry is radically shaken up
The Pensions Regulator (TPR) has granted Now Pensions a six-week extension for its master trust authorisation application after the 31 March deadline, PP can reveal.