TKG Investments, a boutique firm set up a year ago by three former fixed-income bankers at Nomura, is working with an ex-managing director in the Japanese bank's insurance team on a potential venture aimed at the retirement sector.

Tarun Jotwani, Nomura's former head of global markets, and former co-heads of Emea fixed income Kieran Higgins and Georges Assi have been appointed non-executive directors of Retire Better, a limited company that was set up by Peter Oser, according to Companies House filings.