After losing four equity specialists to Threadneedle recently, Nikko Asset Management has acquired Asia ex-Japan equities boutique Treasury Asia Asset Management.
The purchase of DBS Asset Management included its Asian fixed income and currency team, boosting Nikko AM's fixed-income suite. Nikko's Singapore team move to the old DBS AM address next week.
Firms offering transition management could be affected by forthcoming rules that reduce their ability to warehouse risk.
Nikko Asset Management will acquire DBS’s funds JVs in Malaysia and win strategic distribution via DBS Bank.
Investment Outlook Series: Kam Yoke Meng, head of Asian equities at DBS Asset Management, favours Singapore and Taiwan, and says investors shouldn't give up on China.
CIO Lau Wing-tat assumes the CEO mantle as well. Next: go regional.