Japanese financial services group Nomura has become the first Asian issuer to list exchange-traded funds on SIX Swiss Exchange.
As the initial Asia-headquartered issuer to list ETFs in Switzerland the listing represents a major step in the international expansion of Nomura’s US$64 billion «NEXT FUNDS» range.
The ETFs on SIX will be available to a wide range of investors in Switzerland, which is one of the largest and most active ETF markets in Europe. The «NEXT FUNDS» range of ETFs has been available on the London Stock Exchange since 2015.
Nomura Asset Management (NAM) and Nomura Alternative Investment Management Europe (“NAIM”) will manage the ETFs. NAM is one of the largest asset management companies in Japan, with assets under management in excess of US$300 billion.
Private Wealth Push
“Nomura is focused on connecting markets east and west, we are very proud to be the first Asian issuer to list ETFs on the SIX Swiss Exchange, and to demonstrate our commitment to developing our local presence in the Swiss market.» said Shin Asano, President and CEO of Nomura Bank in Switerland.
The Japanese firm has also been upping its private wealth capabilities in Asia hiring Amanda Chen to head up a new private banking business in Singapore. The bank has also been mentioned as having a strong interest in acquiring the Asian wealth business of U.K. bank Barclays.
