Nikko Asset Management has hired four executives in New York, Tokyo and the United Kingdom to bolster the company’s institutional sales and marketing functions, the company has announced.
Fred DeSerio, based in New York, has been named head of Sales in the United States. He will be responsible for developing business in the institutional investment market in North America.
He joined the Tokyo-based asset manager’s US arm on January 30 from Invesco where he was a managing director. He previously worked for firms including Segal Advisors, American International Group and Smith Barney.
“We are very pleased to have Fred join Nikko Asset Management, and believe he will be very effective in cultivating institutional clients in North America,” said Takuya Koyama, Executive Vice President and Global Head of Sales.
“He has had a distinguished career and his experience will help us accelerate our global expansion in the institutional market.”
In the company’s Institutional Marketing and Proposition division, which acts as a link between product and institutional sales, Nikko Asset Management hired three professionals with strong international backgrounds.
Peter Knight joined the company as head of Global Product Specialists. Knight, based in Tokyo, will help drive the global sales effort by helping the firm articulate its product messaging from an investment perspective.
He most recently worked as a business development manager in Japanese equities at BNY Mellon, having previously worked for Citigroup Asset Management Japan.
Daisuke Kono, based in Tokyo, has been named Head of International Institutional Materials on February 1.
He was previously a director of Invesco Asset Management’s product management section.
Cameron Kuwahara also joined the company on February 2 as head of Solutions Marketing based in Edinburgh, Scotland, where Nikko Asset Management has a global equity team.
He will be working in Edinburgh and the company’s full-service European headquarters in London, as well as its New York office. He was previously a senior sales director for Citigroup Global Markets in Singapore. He also worked for Bank of America/Merrill Lynch Securities and Deutsche Securities Tokyo.
“We are extremely pleased that Peter, Daisuke and Cameron are joining Nikko Asset Management, all of whom have extremely high-quality backgrounds and are bilingual,” said Stefanie Drews, Global Head of Institutional Marketing and Proposition. “These hires show our commitment to elevating our position in the institutional marketplace, both within Japan and globally.”