Nippon Capital Asset Management is planning to open a new satellite office in China in 2016 to expand its international operations.
The move follows Nippon’s recently announced plans to hire additional personnel to cope with a surge in institutional and private client numbers.
The company delivers customised portfolio management services covering equities, fixed income, hedge funds and private equity.
The announcement comes just days after the securities regulator in China moved closer to a normalization of market functions when it announced after four months that it was removing the ban on new IPOs it had imposed at the height of this summer’s stock market collapse.
Nippon Capital Asset Management executive vice-president and co-CIO Charles Worth said: "India is promising but we feel there is much to be done in terms of a solid regulatory framework before we would consider committing the resources necessary to establish a foothold there."
In 2015, the firm has increased its funds under management, strengthened its roster of institutional clients and hired key industry luminaries to senior positions within its senior management infrastructure.
Nippon Capital said that its recruitment campaign will begin with the hire of a division head who will be promoted from within existing senior management.