Nomura Appoints a New Head of Investment Management in the Americas

On Wednesday, Nomura, a Japanese financial services giant, said that Nomura Holding America Inc. (NHA) had appointed Robert Stark as its new Head of Investment Management in the Americas. According to the press release, NHA aims to establish a new business line, and Stark will lead the growth and development of the investment management business with an emphasis on private markets.

According to his professional background, Alterum Capital Partners was founded and led by Stark. He was a member of the Executive Committee and Senior Managing Director of Corporate Development at FS Investments before founding Alterum. Previously, he served as the Global Head of Strategy and Business Development for JP Morgan Asset Management, responsible for national account relationships in the US. McKinsey & Company, Inc. is where Stark began his career as a partner in the asset management practice.

In line with the new strategy, Stark will be named CEO, and Matthew Pallai will become the CIO, according to NHA. Pallai has experience in multi-asset Multi-Asset Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Composed of varying asset classes, multi-asset is a blanket designation combining different classes such bonds, equities, cash equivalents, fixed income, and alternative investments.When compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as return above inflation as opposed to gauging performance against standardized benchmarks.Given the composition of multi-asset classes, they need to be dynamically Read this Term fund management, including diverse credits and equities Equities Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Read this Term as Executive Director, Portfolio Manager of Multi-Sector Bond and Multi-Asset Solutions of JP Morgan Asset Management.

“We expect Robert and Matthew to bring their wealth of experience into Nomura to build a strong franchise in the Americas. While the first strategy focuses on private credit, we expect them to add additional strategies and teams over time spanning private markets to the benefit of Nomura’s clients,” Christopher Willcox, the CEO of NHA, commented.

Also, Yoshihiro Namura, the Senior Managing Director of Nomura Holdings, Inc., Head of Investment Management, added: “Expanding our activities further into private side will be a crucial milestone for Nomura’s investment management business. Robert and Matthew have substantial experience in this area and will drive all aspects of the build-out on behalf of Nomura in the Americas.”

Nomura's Recent Revenue Figures

Nomura reported that it ended the last quarter with 340.8 billion yen ($2.8 billion), which declined by 3% quarter-over-quarter. The total net revenue for the entire year came in at 1.36 trillion yen ($11.2 billion).