Nomura Asset Management has appointed Julian Marks as head of hybrid bonds, with the firm stating that his initial focus will be on launching a corporate hybrid bond strategy.
There was no further information provided about the planned fund launch, but it is expected to complement the eight fixed-income strategies that Nomura currently runs.
Marks (pictured) joins Nomura’s fixed income team from Neuberger Berman, where he was the lead portfolio manager for the corporate hybrid bond strategy. During his 15 years there, he was also a manager on broader investment grade credit mandates.
Aside from Neuberger Berman, Marks has worked at Commerzbank, Barclays Global Investors, and Mercury Asset Management.
Based in London, Marks will report to head of fixed income Yuji Maeda, who said: “I am delighted that Julian is joining us – his strong track record and deep expertise in managing corporate hybrid bond strategies are of particular value to us, complementing our fixed income capabilities.
“Julian’s appointment will better position us to continue providing the investment performance that our clients know and expect and will enable us to launch new fixed income strategies for our clients.”
Marks said: “I am very excited to be joining Nomura. The quality and depth of the global fixed income team, and its strong coverage of the European investment grade credit universe, provide the ideal platform from which to launch a dedicated corporate hybrid bond strategy.”