Nikko Asset Management (Nikko AM) will push global products into Australia and New Zealand, in a move the firm said was prompted by local investors’ large allocations to global assets.
The move will also see Nikko AM cease to use the Tyndall brand name in both of these markets. “We are one company and therefore should share one name globally as Asia’s premier global asset manager,” said Takumi Shibata, president and chief executive officer, Nikko AM.
The Tokyo-based asset manager said it would offer new products to institutional and retail clients in the two countries over the coming months, including several global strategies through local subsidiaries.
Mike Davis, managing director at Nikko AM, Australia, added: “The evolution of our business over the past three years as part of Asia’s premier global asset manager has added to our depth of investment capabilities to meet the sophisticated needs of our clients in this competitive environment. Approaching the market as Nikko AM in Australia will allow us to differentiate the value we bring to our clients, borne out of our Asian insights.”
Peter Lynn, managing director at Nikko AM, New Zealand, continued: “With this brand transition, there is no change to our investment teams, their investment philosophy, processes or portfolios. As one company, with one name, we will further distinguish our offering to clients in New Zealand.”
As of June this year, the firm had AUM of US$23 billion and $3.3 billion in Australia and New Zealand, respectively.
In August, Nikko AM formed a new global multi-asset team led by Al Clark, while it has also added a global active equity capability headed by William Low, following the introduction of an Asia ex-Japan equity team led by Peter Sartori in October last year.
