Nomura Asset Management Co., Ltd., a wholly owned subsidiary of Nomura Holdings, Inc., announced July 1 that it has opened a representative office in Shanghai as part of its push to build up its global investment management capabilities.
The company’s Shanghai office, located in Shanghai Central Plaza and headed by Takeshi Ebihara, will focus on researching companies in mainland China. The Shanghai-based analysts will be an integral part of Nomura Asset Management’s global research team that spans Japan, Singapore, Hong Kong, Malaysia, the US, and the UK.
“China’s strong growth and solid fundamentals offer investors a broad set of investment opportunities,” said Toshihiro Iwasaki, Chairman and CEO of Nomura Asset Management. “Research is a high priority for us so we are excited to have a local presence in China that will allow us to identify promising Chinese companies. The new office is another step in our strategy of building a world-class asset management firm with a strong competitive edge in Asia.”
Nomura Asset Management, one of the leading Japanese and Asian fund managers, provides a diverse range of products and services for both retail and institutional investors around the world. As of March 31, 2011, Nomura’s Asset Management division had assets under management of around $300 billion.
Nomura has been building up its asset management capabilities outside Japan, with a particular focus on Asia. The company has moved into Islamic finance in Malaysia and recently set up a joint venture in India with LIC, India’s largest life insurer, that offers mutual funds to retail investors in India.