JAPAN - Nomura Asset Management plans to expand its business in a bid to become a more global player in the asset management industry.
Speaking to Global Pensions, senior investment officer and managing director of fixed income Yoshihiro Namura said: "We'd like to develop our own capabilities in all key areas. We are an equity house, a fixed income house and we'd like to build out global credit. Global equity, emerging market equity, (etc...)."
He added: "From a business point of view, do we have a big presence in the American retail space, we don't. Do we have a retail business here in Europe? No. Do we have a big institutional presence in America? No. Do we have operation in China? No."
Namura said officials at the firm, which is primarily known as a regional equity-manager, are focusing their efforts on building out and promoting Nomura's credit and other fixed income capabilities.
He said many investors have been slowly removing their assets from cash - which provided a safe haven during the credit crunch and market volatility of the financial downturn - and turning to fixed income, particularly the credit markets.
Namura said Nomura wants to tap into this interest.
He explained: "We are getting some inquiries about global credit. We were not major players in that area before, but we are seeing inquiries from large pension funds, mainly in Asia."
"We're seeing new demand in the credit space this year," he said.
More on Nomura Asset Management's expansion plans can be found here.
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