Nikko Asset Management to Unveil Global Strategies in Australia and New Zealand - Aligning "Tyndall" names to the Nikko Asset Management brand

Press Release

15 September 2014
  • Aligning "Tyndall" names to the Nikko Asset Management brand

Australian and New Zealand investors' sizable allocations to global assets is leading Nikko Asset Management to make a major global product push into these markets, the company announced today. The Tokyo-based asset manager is also aligning the current Tyndall brand names in both Australia and New Zealand with the firm's global name, Nikko Asset Management.

The asset manager will use its expanded investment expertise and capabilities to provide new products to institutional and retail clients in both countries. In August, Nikko Asset Management formed a new global multi-asset team led by Al Clark. In the same month, it added a global active equity capability headed by William Low, and in October 2013, an Asia ex-Japan equity team led by Peter Sartori (links to relevant news releases are provided below).

"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 of Nikko Asset Management. "The investment teams, the sales and marketing teams and the back office teams are all working collaboratively for the benefit of our clients. One brand simply reflects what is already working for us."

Nikko Asset Management plans to introduce several global strategies through its local subsidiaries in Australia and New Zealand in the coming months, while continuing to offer products investing in local securities. The move will allow the firm to leverage its significant global resources in meeting the varied needs of investors.

"We are very pleased to be expanding our global offering to Australian investors," said Mike Davis, Managing Director of Nikko Asset Management, Australia. "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 Asset Management in Australia will allow us to differentiate the value we bring to our clients, borne out of our Asian insights."

The firm's Australian operation has A$24 billion (US$23 billion) in assets under management, representing approximately 14 percent of Nikko Asset Management's total assets of US$168 billion as of June 2014. "Nikko Asset Management is well known globally, and we are excited to bring more of the firm's global expertise to our clients," said Peter Lynn, Managing Director of Nikko Asset Management, New Zealand. "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."

The company's New Zealand operation, which is based in Auckland, is the only foreign asset management firm operating in the country. Its assets under management reached NZ$3.8 billion (US$3.3 billion) as of June 2014.

According to a June 2013 survey conducted by the Australian Prudential Regulation Authority 1 , some 31 percent of superannuation fund assets were allocated to global investments, with 25 percent in equity and 6 percent in fixed income. Meanwhile, in New Zealand, a survey of leading balanced funds by Aon Hewitt2 reveals that 48 percent of assets were allocated globally, with 32 percent in equity and 16 percent in fixed income.

Nikko Asset Management is conducting its inaugural Foreword client event this week in Melbourne, Sydney and Auckland. Speakers include the firm's global head of investment Yu-Ming Wang, in addition to the portfolio managers in charge of its leading global and local investment strategies.

– ENDS –

For inquiries, please contact:

Jeanie Cheah
Tel: +65-6500-5793

About Nikko Asset Management

With USD203.9 billion* under management, Nikko Asset Management is one of Asia’s largest asset managers, providing high-conviction, active fund management across a range of equity, fixed income, multi-asset and alternative strategies. In addition, its complementary range of passive strategies covers more than 20 indices and includes some of Asia’s leading exchange-traded funds (ETFs).

Headquartered in Asia since 1959, Nikko Asset Management and its subsidiaries employ personnel representing around 30 nationalities, including approximately 200 investment professionals**. The firm has a presence through subsidiaries or affiliates in a total of 11 countries and regions. More than 400 banks, brokers, financial advisors and life insurance companies around the world distribute the firm’s products.

The investment teams benefit from a unique global perspective complemented by the firm's historic Asian DNA, striving to deliver consistent excellence in performance. The firm also prides itself on its progressive, solution-driven approach, which has led to many innovative funds launched for its clients.

For more information about Nikko Asset Management and to access its investment insights, please visit the firm’s homepage.

* Consolidated assets under management and sub-advisory of Nikko Asset Management and its subsidiaries as of .
** Including employees of Nikko Asset Management and its subsidiaries as of .

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