Nomura AM opens shop in KL

Nomura Asset Management has formally entered the Malaysian fund management space, establishing its own domestic firm in Kuala Lumpur. The entity will be known as Nomura Asset Management Malaysia (NAM KL).Nomura enters the market as the second licensed foreign fund manger following the announcement made by Aberdeen Asset Management in 2005 that it had received the same approval. The Kuala Lumpur offices will be run by Nor Rejina Abdul Rahim, who takes on the title of managing director…