Nikko Asset Management has hired Fred DeSerio as senior managing director, head of sales and co-head of the business for the Americas in a bid to bolster its business development capability in the US.
Based in New York, DeSerio has joined Nikko Asset Management in January as head of sales in the US.
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Before joining Nikko, DeSerio worked with Invesco as a managing director. Prior to this, he worked at firms including Segal Advisors, American International Group and Smith Barney.
Nikko Asset Management executive vice president and global head of sales Takuya Koyama said: "He will be upgrading our business development capability to meet the sophisticated needs of investors in the Americas."
DeSerio said. "I’m excited about the opportunities ahead for Nikko Asset Management as we look to capture the immense business opportunity not only in the United States but across North and South America."
Nikko Asset Management has already signed a distribution arrangement with the Chile-based investment advisory firm Volcom Capital targeting equity and fixed income strategies, with plans to make its Japanese equity and Asia ex-Japan equity strategies available in Chile.
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