UK - Nomura Asset Management has appointed Philip Sellers, CBE, a former trustee to the Post Office Pension Funds (now Consignia), as an adviser to its London based institutional operation.
Nomura with $166 billion under management is best known within the UK market as a specialist manager of Pacific Basin equity mandates.
Sellers’ appointment signals the firm’s desire to grow its UK client list.
Earlier this year Nomura was appointed by London Electricity to manage a £55m Pacific Basin mandate but believes that the advice Sellers will be able to give in a number of areas will help it develop the business further.
Sellers was involved in a number of external manager appointments during his time at the Post Office pension funds.
Commenting on his appointment he says:
“I’m looking forward to working with Nomura in the belief that they have great potential to develop their overall business within the UK market. The increasing use of specialist managers by pension funds, allied with the credibility they have from their existing clients and strong performance, means the business has great potential to grow. My role will be to offer them strategic guidance across a number of areas of their business”.