Nikko Asset Management strengthens its global growth strategy with the creation of a new multi-asset position.

Nikko Asset Management, the Japan headquartered asset management firm, has named an industry veteran to assume the newly-created role of global head of multi-asset.

Al Clark brings over 21 years of experience in trading and portfolio management to the firm's Sydney office and joins from Schroder Investment Management in Singapore. He has also worked for the Macquarie Funds Management and BT Financial Group both in Sydney and Singapore. 

In this new role, he will be responsible for driving the growth of the multi-asset business for Nikko AM globally, the firm said in a statement. He reports to Yu-Ming Wang, the global head of investment and chief investment officer, International, who is based in Tokyo.

Clark's appointment is the latest in a series of hires to support the company's global growth plans. Early in 2014, the Nikko AM named Takuya Koyama as global head of sales, Hideyuki Omokawa as head of strategic product innovation and Motonobu Hasegawa as global head of request for proposal. Wang herself only joined the firm in January. Shortly after that, the firm announced that David Semaya is taking over as its non-executive chairman in April, to replace Charles Beazley who is stepping down due to family reasons. Following a transition period, Semaya becomes an executive chairman in September.