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 Indias 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.

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. Andrews 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.