Nomura International Wealth Management appointed Ray Sharma-Ong as its new Chief Investment Officer and Head of Discretionary Portfolio Management, according to announcements from the firm. Sharma-Ong steps into the dual leadership roles to steer investment strategy and discretionary portfolio offerings for the wealth management division.
Nomura IWM Taps Aberdeen Veteran for Leadership Roles
Sharma-Ong joins Nomura International Wealth Management after a tenure at Aberdeen Asset Management, where he held senior regional portfolio management positions. According to industry reports from Hubbis and Fund Selector Asia, the executive brings extensive market experience across Asian and global asset classes to his new platform at Nomura.
In his new capacity as Chief Investment Officer, Sharma-Ong directs macro asset allocation views and portfolio construction frameworks. As Head of Discretionary Portfolio Management, he oversees the buildout and execution of bespoke mandates designed for high-net-worth clients across regional hubs.
Strategic Expansion for Wealth Management in Asia
The appointment aligns with Nomura’s broader push to scale its international wealth management footprint, particularly across Singapore and Hong Kong. According to company statements covered by financial trade publications, the firm continues to recruit senior talent to bolster advisory capabilities and discretionary asset management infrastructure.
Discretionary portfolio management services allow wealth managers to make investment decisions on behalf of clients within agreed risk parameters. Industry analysts note that demand for such outsourced discretionary mandates has grown as affluent clients seek active risk management amid shifting global interest rate cycles and market volatility.
FAQ
- Who is Ray Sharma-Ong? Ray Sharma-Ong is the Chief Investment Officer and Head of Discretionary Portfolio Management at Nomura International Wealth Management, joining the firm from Aberdeen.
- What does a Head of Discretionary Portfolio Management do? This role involves managing investment portfolios directly on behalf of clients based on pre-agreed risk profiles and financial objectives.
- Which financial institutions reported the appointment? Industry publications including Hubbis and Fund Selector Asia covered the executive transition.
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