Nippon Life India Asset Management Appoints Andrew Holland as head of the proposed new asset class

Nippon Life India Asset Management has announced the appointment of Andrew Holland as Head of the proposed new asset class, newly introduced by SEBI.

In his new role, Andrew shall spearhead NAM India's strategic expansion in the emerging proposed space. Nippon India Mutual Fund recognizes the significant potential of this proposed new asset class. This innovative investment avenue bridges the gap between traditional mutual funds and Portfolio Management Services (PMS), offering sophisticated investment alternatives with a minimum commitment of Rs 10 lakh, appealing to high-net-worth individuals (HNIs) seeking greater flexibility, according to a press release by the fund house.

Also Read | MF Tracker: Can this top performing smallcap fund keep winning streak alive?

Andrew Holland, a seasoned leader with 42 plus years of experience, having worked across the UK, Asia, Japan, and Indian markets, will report directly to Sailesh Raj Bhan, Chief Investment Officer – Equity Investments, the release said.

"We are thrilled to welcome Andrew to the Nippon India family. The proposed new asset class presents significant growth potential, and we are excited about the same, along with the value it will create for our investors. Andrew's expertise will be pivotal in driving the proposed business forward. He will play a key role in enhancing our offerings," said Sundeep Sikka, Executive Director and CEO of Nippon Life India Asset Management.

Andrew joins NAM India from Avendus Capital, where he served as the CEO of Avendus Capital Public Markets Alternate Strategies LLP since 2016. Before joining Avendus, Andrew served as the CEO of Ambit Investment Advisors, where he played a key role in building one of India’s largest hedge funds.

According to the release, his career in India began in 1997 with DSP Merrill Lynch as Head of Research, where he later became the Chief Administrative Officer and MD Strategic Risk Group. He also held senior positions at County Nat West, Barclays (BZW) and Credit Suisse, earning recognition as a top-rated analyst and strategist.

Also Read | Keep cash, keep calm, and carry on: Radhika Gupta of Edelweiss Mutual Fund advises during market turmoil

“Having worked in this industry for over 42 years, I can confidently say there is no better platform in terms of brand recognition, credibility, and distribution reach than what NAM India offers. The company’s market leadership, combined with its unwavering commitment to innovation, presents a unique opportunity to drive meaningful change. I am excited to join the Nippon family and look forward to playing a key role in driving the growth of the company," Andrew Holland said on the appointment.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)