Nomura AM eyes buildout after buying ING IM Taiwan

Nomura Asset Management announced it has entered into an agreement to acquire ING Group’s Taiwanese investment management business – the penultimate piece in the break-up of that business. The Japanese fund house, the fifth largest by Asia-Pacific-sourced assets with $312.4 billion, is buying the unit in partnership with an investment group led by Ashwin Mehta, the former chief executive of ING Securities Investment and Trust Company. Mehta ran ING Site for more than three years…