Osaka-based asset manager, Nippon Capital Asset Management J-LLC, has signaled its readiness to the launch the first of its international operations. The firm, which recently announced an ambitious recruitment drive that would effectively double headcount, will open its first overseas office in China in 2016.
The choice of China as a location for the inaugural international office is indicative of the importance that Nippon Capital Asset Management J-LLC places on mainland China in terms of its contribution to future business development.
The news comes just days after the securities regulator in the country moved closer to a normalization of market functions when it announced after 4 months that it was removing the ban on new IPOs it had imposed at the height of this summer’s stock market collapse.
“There are few markets that offer as much in the way of dynamism as China,” said Charles Worth, Executive Vice-President and Co-Chief Investment Officer at Nippon Capital Asset Management J-LLC. “India is promising but we feel there is much to be done in terms of a solid regulatory framework before we would consider committing the resources necessary to establish a foothold there.”
Nippon Capital Asset Management J-LLC has enjoyed a highly successful year in which it has dramatically increased funds under management, expanded its roster of institutional clients and appointed key industry luminaries to senior positions within its senior management infrastructure.
The firm’s recruitment campaign will commence with the appointment of a division head who will be promoted from within existing senior management rather than through external hiring.
