Nikko International Capital Management, with £11bn under management, has appointed Tony Thomson as managing director of NICAM (UK).

This is a newly created position within the company, though he takes over in London from David Somers who left the company last month. He joins from Foreign & Colonial where he had been chief investment officer, responsible for global asset allocation. At NICAM he will also be responsible the global investment policy for its offices in Hong Kong, New York, Singapore and Guernsey.