Hugin/Pall Mall Investment Management Limited: PMIM announces strategic alliance with Nomura

London, 11 February 2008 - Pall Mall Investment Management (PMIM) today announced it has received an equity injection from Nomura, the leading Asia-based investment bank, to drive forward plans to expand its investor base in Europe.

PMIM, the Anglo-German asset management boutique, manages circa US$1bn of assets primarily for German clients. It has one of the best performing high yield funds in its class and, with Risk@Work, an innovative quantative asset management strategy for European equities and government bonds. Nomura's equity investment will allow PMIM to pursue significant opportunities to further develop its German investor base and expand into other European markets with both product lines.

Holger Pastel, CEO of PMIM, said, "We are delighted to have Nomura come on board. We have a successful history with Nomura and have always been impressed by its ability to adapt to challenging market conditions with innovative products. PMIM has a focused business plan in place, and now with the additional capabilities that Nomura brings to the table, we can effectively execute that plan."

The investment, led by Nomura's equity and fund derivatives team, will also give Nomura additional traction in one of Europe's largest markets.

Mike Fullalove, Nomura's head of equity and fund derivatives, said, "This is a decisive strategic step for Nomura's European business and supports our continued efforts to align ourselves with companies with compelling growth stories. PMIM is embarking on an exciting journey which we want to share."

"I have every confidence in PMIM's management team to deliver results. Our decision to invest in PMIM underlines Nomura's continuing commitment to seek mutually beneficial partnerships with like-minded clients, bringing Nomura closer to its goal of growing European business by nearly 50 per cent in the next three years," he said.

Ends

For further information please contact:

Name Company Telephone
Holger Pastel CEO, PMIM +44 20 7590 1344
Dr. Dirk Rogowski Head of Marketing, PMIM +49 40 300 929 175

About Pall Mall Investment Management Ltd.
Pall Mall Investment Management Limited is a specialised asset management company with expertise in European high yield and European balanced portfolios. Current assets under management are over one billion US dollars. The Company's headquarters is based in London, UK, with a branch office in Hamburg, Germany.
The Company offers a variety of investment products, including capital guaranteed high yield investments, absolute return funds and quantitative strategies for bonds and equities. The investment team is arranged into two groups to account for the investment expertise - European high yield and European balanced. The European high yield team is based in London and has worked closely together since 1999 whilst the European Quant team is based in Hamburg and has worked closely as a group since 1997.
Pall Mall Investment Management Limited is authorised and regulated by the Financial Services Authority of the United Kingdom.


Pressemitteilung übermittelt von Hugin.
Für den Inhalt dieser Pressemitteilung ist allein der Herausgeber verantwortlich.

This release was published on openPR.