Nomura Asset Management Bolsters Fixed Income Teams, Preparing New Fund

Tom Burroughes

12 November 2014

Nomura Asset Management UK, part of Japanese financial services group , has appointed Richard Hodges and Ben Bugg for its global fixed income team.

Hodges previously worked at Legal & General Investment Management, where he held the role of Head of High Alpha Fixed Income. During his tenure, he launched and managed the company’s Dynamic Bond Trust. He brings more than 25 years’ experience to his new role, having begun his career at Chase Manhattan Bank and Natwest Investments before joining Gartmore Investment Management, where he served as Head of Pan European Portfolio Construction, managing a range of fixed income strategies.

Bugg previously was an assistant Fund manager at LGIM in its High Alpha Fixed Income team, working across a range of strategies including, amongst others, the Dynamic Bond Trust.

The new appointees will be responsible for a new Global Dynamic Bond Fund which will invest across a full range of fixed income securities, Nomura said in a statement. The statement did not say if the men were replacing departures.

As reported elsewhere by this publication, rival Japanese investment house Nikko Asset Management has also added hires to its teams in Europe.