Tyndall aligns with Nikko brand
Nikko Asset Management has announced it is aligning the present Tyndall brand names in both Australia and New Zealand with the firm's global name.
The Tokyo-based asset manager also announced it is going pursue a global product push into these markets as it is seeing the two countries' investors are allocating significantly to global assets.
"We are one company and therefore should share one name globally as Asia' premier global asset manager," president and CEO of Nikko Takumi Shibata said.
Nikko will provide new products to institutional and retail clients in both countries.
"With this brand transition, there is no change to our investment teams, their investment philosophy, processes or portfolios," managing director of Nikko Asset Management New Zealand Peter Lynn said.
Nikko's Australian operation has A$24 billion in assets under management, which is about 14 per cent of Nikko's total assets of US$168 billion as of June 2014.
The New Zealand arm, operating out of Auckland, had assets under management of NZ$3.8 billion.
Nikko formed a new global multi-asset team in August, led by Al Clark. It also added a global active equity capability headed by William Low, and an Asia ex-Japan equity team led by Peter Sartori in October 2013.
AUTHOR
Malavika Santhebennur
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