International

Actively Unlocking Value Across Capital Markets

INSTITUTIONAL
STRATEGIES

MUTUAL FUNDS,
ETFs, and SMAs

PRIVATE
CREDIT

Heritage

Nomura is a financial services group with an integrated global network. By connecting markets East and West, we serve the needs of individuals, institutions, corporates, and governments through our three business divisions: Wealth Management, Investment Management, and Wholesale (Global Markets and Investment Banking).

Nomura traces its origins back to the late 1800s when Tokushichi Nomura I set up a money changing business in Osaka. Tokushichi’s son, Tokushichi Nomura II, would later take over his father’s business and in 1925 founded Nomura Securities with 84 employees.

Now, as we mark the 100th anniversary of Nomura’s founding on December 25, 2025, we celebrate a century of innovation, resilience, and our enduring commitment to “putting the customer first”—a principle that has guided us from the beginning.
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Leadership – International

Shawn Lytle
Shawn LytleChief Executive Officer

Shawn LytleChief Executive Officer

Shawn Lytle
Shawn is Chief Executive Officer of Nomura Asset Management International, where he is responsible for overseeing the business, investment teams, and strategies for clients. He joined Nomura Asset Management as part of Nomura’s acquisition of Macquarie Asset Management’s US and European public investments business in 2025. He also serves as the President of Nomura Funds (formerly, Macquarie Funds) and oversees registered vehicle governance in the US and Europe. Shawn is a member of the Nomura Asset Management International Executive Committee.

He has more than 30 years of asset management experience. Before joining Macquarie in 2015, he held several management and equity investment roles at UBS Asset Management and various roles at J.P. Morgan Asset Management.

Shawn is a member of the Investment Company Institute (ICI) Executive Committee. He is also a board member of OppNet and Philadelphia Financial Scholars, in addition to being the former Chairman of the National Association of Securities Professionals (NASP).

He earned a Bachelor of Science in marketing from The McDonough School of Business at Georgetown University.
RobertStark Edit
Robert StarkPresident and Deputy CEO

Robert StarkPresident and Deputy CEO

RobertStark Edit
Robert is the President and Deputy CEO of Nomura Asset Management International, and Head of Private Markets as CEO of Nomura Capital Management. Robert has more than 20 years of financial services industry experience.

Previously, Robert was the Founder & CEO of Alterum Capital Partners LLC, where he focused on building an investment management business with a particular emphasis on the intersection of private markets and Registered Investment Advisors. Prior to founding Alterum Capital Partners, he was a Senior Managing Director and member of the Executive Committee at FS Investments and was responsible for Corporate Development. Prior to joining FS Investments, Robert spent 7 years at J.P. Morgan across its Asset & Wealth Management businesses. He initially ran Strategy and Business Development for both Asset & Wealth Management and later ran Global Strategic Relationships (National Accounts) for the US Funds business. He joined J.P. Morgan from Russell Investments where he was a member of the Executive Committee and responsible for Strategy and M&A. Robert started his professional career at McKinsey & Company. As a partner of the firm, he focused on serving clients in the asset management, investment banking, insurance, and private equity industries. He was also responsible as the Global Sponsor for the financial institutions research group comprising 150 practitioners globally.

Robert earned his Master of Science in Management Sciences from the University of Cologne, Germany.
MichaelCapuzzi
Michael CapuzziChief Operations Officer

Michael Capuzzi, CFAChief Operations Officer

MichaelCapuzzi
Mike is Chief Operations Officer of Nomura Asset Management International, a role he first assumed in August 2019 with Macquarie Asset Management. He joined Nomura Asset Management as part of Nomura’s acquisition of Macquarie Asset Management’s US and European public investments business in 2025. He is responsible for developing the strategy to optimize and scale the firm’s platform in areas including investment operations, administration, controls, fund accounting, business management, and financial and management analysis. Mike is a member of the Nomura Asset Management International Executive Committee.

Prior to his current role, Mike was Global Head of Investment Operations for Macquarie Asset Management from May 2017 to July 2019. Before that, he was Head of Investment Operations in the Americas since June 2007, initially for Delaware Investments, which was acquired by Macquarie in 2010. Past positions at Delaware Investments included Vice President of Investment Systems and Assistant Vice President of Institutional and Mutual Fund Investment Accounting. From 1993 to 1995, Mike worked at SEI, where he supported its investment management system and performance measurement system.

He earned a Bachelor of Science from Saint Joseph’s University and a Master of Business Administration from La Salle University. Mike holds the Chartered Financial Analyst® designation, and he is a member of the CFA Institute and the CFA Society of Philadelphia.
IlysssePratter
Ilysse PratterChief Administrative Officer

Ilysse PratterChief Administrative Officer

IlysssePratter
Ilysse is Chief Administrative Officer of Nomura Asset Management International, where she leads the people strategy, ensuring it is closely aligned with the firm’s broader commercial objectives. As a member of both the Executive Committee and the Management Committee for Nomura Asset Management International, she plays a pivotal role in shaping organizational culture, driving operational excellence, and supporting strategic growth initiatives across the business.

Ilysse joined Nomura Asset Management following Nomura’s acquisition of Macquarie Asset Management’s US and European public investments business in 2025. Her leadership was instrumental in the successful integration of teams and processes during this transition, fostering a collaborative and high-performance environment.

Previously, Ilysse served as the Global Head of People & Culture for the public investments business and Chief of Staff at Macquarie Asset Management, where she oversaw global talent strategy, organizational design, and change management initiatives. She was recognized for her ability to build diverse, inclusive teams and for driving employee engagement and retention across multiple geographies. Prior to Macquarie, Ilysse held the position of Senior Human Resources Business Partner at Apollo Global Management, where she managed recruitment, talent management, organizational and leadership development, performance management, and employee relations. Her early career at Neuberger Berman / Lehman Brothers focused on talent management and recruiting, further honing her expertise in developing effective people strategies within leading financial institutions.

Ilysse earned a Bachelor of Arts in organizational studies from the University of Michigan.
GregGizzi
Greg GizziHead of Fixed Income and Municipal Bonds

Greg GizziHead of Fixed Income and Municipal Bonds

GregGizzi
Greg is Head of Fixed Income and Municipal Bonds of Nomura Asset Management International, a role he assumed in July 2022 at Macquarie Asset Management. He joined Nomura Asset Management as part of Nomura’s acquisition of Macquarie Asset Management’s US and European public investments business in 2025. Greg oversees the US fixed income business, leads the firm’s municipal business, and is team lead on several of the firm’s tax-exempt strategies. Greg also leads the firm’s taxable municipal business, and he is a member of the Nomura Asset Management International Executive Committee.

Previously, he was a Co-Portfolio Manager of Macquarie Asset Management’s municipal bond funds and several client accounts, a role he assumed in November 2011. Before that, he was Head of Municipal Bond Trading at Delaware Investments (which was acquired by Macquarie in 2010). Greg has more than 20 years of trading experience in the municipal securities industry at firms including Lehman Brothers, UBS, Dillon Read, and Kidder Peabody.

He earned his Bachelor of Arts in economics from Harvard University.
JohnPickard
John PickardHead of Equities & Multi-Asset

John PickardHead of Equities & Multi-Asset

JohnPickard
John is Head of Equities & Multi-Asset of Nomura Asset Management International, a role he first assumed with Macquarie Asset Management in 2021. He joined Nomura Asset Management as part of Nomura’s acquisition of Macquarie Asset Management’s US and European public investments business in 2025. John leads the firm’s global equities and multi-asset business, with overall responsibility for performance and governance of the individual teams, and for the centralized investment platform, including trading, risk management, sustainability, and product development. John is a member of the Nomura Asset Management International Executive Committee.

John has 35 years of global equity portfolio management experience. Prior to joining Macquarie, he was a partner at h2glenfern in London, leading the firm’s environmental, social, and governance (ESG) practice and supporting the growth of the firm’s capital markets advisory business across Europe. Before that, he was the Chief Investment Officer at Martin Currie Investment Management in Edinburgh, after initially spending over 20 years with UBS Asset Management. There he was responsible for leading the firm’s institutional and wholesale equity platform within multiple markets, first as Head of Asian and Emerging Market Equities in London and Tokyo, and later as European Head of Equities in Zurich.

He earned a Bachelor of Arts in natural sciences from Oriel College, Oxford University
LindaBakhshian
Linda BakhshianDeputy Head of Equities & Multi-Asset

Linda BakhshianDeputy Head of Equities & Multi-Asset

LindaBakhshian
Linda is Deputy Head of Equities & Multi-Asset of Nomura Asset Management International. She works with the Head of Equities & Multi-Asset to lead the firm’s global equities and multi-asset business, with specific responsibilities for the centralized investment platform, including trading, risk management, sustainability, and product development. She joined Nomura Asset Management as part of Nomura’s acquisition of Macquarie Asset Management’s US and European public investments business in 2025. Linda is a member of the Nomura Asset Management International Executive Committee.

She has more than 24 years of industry experience. Prior to joining Macquarie in 2023, Linda worked at Federated Hermes, where she served as a Senior Portfolio Manager, Head of the Value Income Team and Multi-Asset Group. In that role, she was responsible for investment strategy, asset allocation, and equity security selection of various portfolios. Linda has managed investment portfolios since 2009. Before that, she was a Senior Investment Analyst with Principal Financial Group and an Investment Analyst with Bankers Trust Australia.

Linda serves on the Board of Make-A-Wish Foundation of Greater Pennsylvania and West Virginia.

She earned a Bachelor of Business from the University of New England (Australia). She is a Certified Public Accountant and a member of Chartered Accountants Australia and New Zealand.
MatthewPallai Edit
Matthew PallaiCIO of Private Credit

Matthew PallaiCIO of Private Credit

MatthewPallai Edit
Matthew is the CIO of Private Credit of Nomura Asset Management International. Matthew has over two decades of financial services industry experience.

Before joining Nomura, he was a Co-founder and CIO of Alterum Capital Partners LLC, a private credit focused investment management business. Prior to co-founding Alterum Capital Partners, he was an Executive Vice President at Harbor Capital Advisers, where, as Head of Multi Asset Solutions, he led the build-out of a new team and investment capability and served as a member of the Management Committee. Matthew began his career and spent 17 years at J.P. Morgan Asset Management as a portfolio manager focused on security selection, global market dynamics, asset allocation, and portfolio construction on a range of strategies across Securitized Products, Multi-Sector Fixed Income, and Multi Asset Solutions – most recently serving as a co-manager on a suite of Multi Asset Income strategies and Head of the Advisory Portfolio Solutions investment team. Before moving into the Multi-Asset space, Matthew was a portfolio manager in the Global Fixed Income, Currency & Commodity group, co-managing a suite of Multi Sector Unconstrained Fixed Income portfolios (income oriented, total return, and absolute return), and had lead responsibility for the securitized products investments within these strategies. Previously, he held portfolio management positions on both the Agency and Non-Agency Mortgage (RMBS) Teams.

Matthew earned his Bachelor of Arts in Mathematics from Boston College and his Master of Arts in Economics from New York University.
MilissaHutchinson
Milissa HutchinsonHead of US Wealth

Milissa Hutchinson, CAIAHead of US Wealth

MilissaHutchinson
Milissa is Head of US Wealth of Nomura Asset Management International, a role she assumed in December 2023 with Macquarie Asset Management. She joined Nomura Asset Management as part of Nomura’s acquisition of Macquarie Asset Management’s US and European public investments business in 2025. Milissa and her team are responsible for the product development, distribution, and marketing of the firm’s investment strategies across the private and public markets to US Wealth clients. Milissa is a member of the Nomura Asset Management International Executive Committee.

Previously, she was Head of the Strategic Relationship Group at Macquarie Asset Management, where she was responsible for partnering with strategic US Wealth partners to identify growth opportunities across the firm’s private and public business, while effectively communicating the firm’s capabilities and strategies to its key distribution partners. Prior to joining Macquarie in 2015, she was an Investment Product Specialist at J.P. Morgan Chase. Before that, Milissa was an Assistant Vice President and Relationship Manager at Morgan Stanley Wealth Management. She started her career in the mutual fund department at Morgan Stanley Smith Barney.

She earned a Bachelor of Business Administration, magna cum laude, with a major in economics and a minor in finance from the University of Miami, and she holds her Series 7, 66, and 24 licenses. Milissa holds the Chartered Alternative Investment Analyst designation.
RobertWolfangel
Robert Wolfangel Jr.Head of Business Planning & Analysis

Robert Wolfangel Jr., CPA, CGMA®Head of Business Planning & Analysis

RobertWolfangel
Robert is Head of Business Planning & Analysis of Nomura Asset Management International. He is responsible for all aspects of financial management and analysis for the firm on a global basis. Robert serves on several leadership committees, including the Nomura Asset Management International Executive Committee and is a member of the senior management team. He joined Nomura Asset Management as part of Nomura’s acquisition of Macquarie Asset Management’s US and European public investments business in 2025.

Previously, Robert served as Head of Business Finance for Macquarie Asset Management’s Public Investments business and Deputy Chief Operating Officer for its equity and fixed income businesses. Prior to Macquarie, he worked at UBS Asset Management for 17 years in a variety of senior roles, most recently as Managing Director, Chief Operating Officer, and Head of Business Management for the equities, multi-asset, and hedge fund businesses. Before joining UBS, he held leadership positions at Bankers Trust Company as Principal and at Ernst & Young as Senior Manager.

Robert earned a Bachelor of Science in accounting from the School of Management at Boston University and a Master of Business Administration in finance and management theory from the Graduate School of Business at Columbia University. He is a Certified Public Accountant and a Chartered Global Management Accountant.
AndrewGerba
Andrew GerbaHead of Strategy

Andrew GerbaHead of Strategy

AndrewGerba
Andrew Gerba is Head of Strategy of Nomura Asset Management International. In this capacity, he is responsible for the development and execution of Nomura Investment Management Division’s organic and inorganic strategic agenda globally (excluding Japan).

Andrew joined Nomura in 2023 after 15 years as a strategy consultant focused on serving financial institutions across the globe. Prior to Nomura, he was an Associate Partner at McKinsey & Company, where he served clients in the asset management, wealth management, fintech, and private equity industries. In addition to his client service responsibilities, Andrew oversaw McKinsey’s Performance Lens Solution, the firm’s proprietary data and analytics business for the global asset management industry.

Previously, Andrew was a Director at Casey Quirk by Deloitte, where he co-led the firm’s Asia-Pacific asset management practice in Hong Kong.

Andrew graduated with honors from Johns Hopkins University with a Bachelors of Arts in Political Science and a minor in Entrepreneurship and Management.

Investments

Bringing together a legacy in public and private markets investing on a global scale.

Through active management, the international business offers a comprehensive suite of strategies across equities, fixed income, multi-asset, and private credit, supported by a team of disciplined and tenured investment professionals. Our investment platform builds upon Nomura’s established global fundamental research and 100-year heritage to support both financial advisors and institutional investors. Our singular focus is to help investors navigate an ever-changing market to capture opportunities around the world and reach long-term investment goals.

INSTITUTIONAL
STRATEGIES

MUTUAL FUNDS,
ETFs, and SMAs

PRIVATE
CREDIT

NCRAM

Contact Us

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Worldwide Plaza
309 West 49th Street
New York, NY 10019
+1 (212) 667-9996
Philadelphia:
610 Market Street
Philadelphia, PA 19106
+1 (215) 255-2300
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