Japan’s asset manager Nikko Asset Management (Nikko AM) has named Fred DeSerio, the firm’s head of sales in the US, as senior managing director, head of sales and co-head of business for the Americas. The move is set to bolster the firm’s business development capability in the US.
Takuya Koyama, executive vice president and global head of sales at Nikko AM, commented that the appointment will help upgrade the firm’s business development capability to meet the sophisticated needs of investors in the Americas.
Mr. DeSerio joined Nikko AM’s US arm in January this year from Invesco, where he was a managing director. Prior to this role he worked for firms including Segal Advisors, American International Group and Smith Barney.
Nikko AM has been broadening its institutional business in Latin America. The firm has recently entered into a distribution arrangement with Chile-based investment advisory firm Volcom Capital targeting equity and fixed income strategies.
Up to the end of March this year, Nikko AM’s total AUM was US$162 billion.
