Nikko AM brings in global equity capability

07 August 2014   Category: News, Asia, Global, Japan, Europe, United Kingdom   By Daniel Shane

Nikko Asset Management (Nikko AM), the Tokyo-based fund manager with US$158 billion in AUM, has brought in a team of six new portfolio managers from Aberdeen Asset Management to lead its global active equities capability.

The new team, led by William Low, was previously responsible for the high-alpha equity team at Scottish Widows Investment Partnership, now owned by Aberdeen.

The team, which manages benchmark-agnostic, long-only global equity portfolios, will continue to be based in Edinburgh, but will work closely alongside Nikko AM’s European headquarters in London.

The other portfolio managers to join Nikko AM along with Mr. Low are Stephen Corr, James Kinghorn, Greig Bryson, Iain Fulton and Johnny Russell.

"We are excited that we have been able to attract this highly successful investment team in an area where we believe we can add value to clients' portfolios," said Yu-Ming Wang, global head of investment at Nikko AM.

"The track record that Will Low and his five colleagues have assembled demonstrates that they are exceptionally qualified as active global equity managers, and we look forward to their contribution to our European business."

While with BlackRock, Mr. Low in 2001 formed a Europe, Australasia and Far East (EAFE) team that became known for its strong alpha track record. He joined Scottish Widows in 2011, where he formed his global equity team.

Other recent moves by Nikko AM to expand its investment capabilities include the October 2013 acquisition of a specialist Asian equity team from Sydney-based Treasury Asia Asset Management. In March 2014, it brought in a multi-asset capability, which is based in Singapore.