Nikko consolidates team in Singapore
Japan-based asset management firm, Nikko Asset Management has announced the formation of a specialist portfolio management team in Singapore.
Attributing the move to global investors’ increasing demand for multi-asset investment strategies, the company said the team, which currently oversees $24 billion of assets for institutional and intermediary clients, would be launching multi-asset products as well as integrated solutions for clients around the world.
The company previously had multi-asset staff in separate locations, and intends that the move to base the team in Singapore would represent a strategic consolidation of its resources capable of maximising the firm’s global multi-asset capabilities.
Nikko Asset Management global head of investment, Yu-Ming Wang said multi-asset was gaining a lot of attention from investors, and the company was taking the action to serve growing demand across the globe.
Recommended for you
Integrated wealth and financial services group Rethink has launched a financial planning arm called Rethink Wealth to expand beyond property investing and into holistic wealth management.
While adviser numbers continue to slowly creep back up, the latest Wealth Data analysis reveals they would actually be in the green for the calendar year if it weren’t for so many losses in the limited advice space.
Iress has appointed a chief AI officer to spearhead the fintech’s strategic focus on AI, with chief executive Marcus Price describing how the technology opens the doors to a “new frontier for wealth advice”.
A quarter of advisers who commenced on the FAR within the last two years have already switched licensees or practices, adding validity to practice owners’ professional year (PY) concerns.
