Japan’s Nikko Asset Management and UK-based Legal & General Investment Management are to cooperate on providing products to their respective clients, reflecting a rising trend.
Maybank's asset management arm plans to launch two new funds this year and use CIS to passport them to Malaysia and Thailand. The firm is also looking to hire a fund distribution specialist with a regional remit.
StanChart recruits from Julius Baer; Nikko AM taps BAML for strategist; Religare GAM gets new CEO; Barings appoints head of GEMs; Swift names heads of compliance and Asean.
The Monetary Authority of Singapore has given the products the green light, but industry observers highlight that regulators in Malaysia and Thailand have yet to do so.
The Malaysian asset manager is partnering Nikko AM to tap Singapore's retail market and will target European institutional investors using Ucits funds. Thailand is also on its radar.
Nikko Asset Management is reshuffling its senior executives after the departure of president and CEO Charles Beazley, including hiring a Barclays executive as chairman.
New initiatives such as tax-exempt schemes should entice more Japanese investors into the local stocks, says Nikko Asset Management, further boosting the Abenomics-driven rally.
After losing four equity specialists to Threadneedle recently, Nikko Asset Management has acquired Asia ex-Japan equities boutique Treasury Asia Asset Management.
Japan’s Nikko Asset Management continues its Asian expansion by finalising an Indian joint venture that was originally flagged in 2006.
Eleanor Seet has replaced CEO Deborah Ho following the rebranding of DBS Asset Management as Nikko Asset Management Asia. Other new faces have also come in.
After success in Japan with a product that invests largely in World Bank-issued green bonds, Nikko Asset Management has launched a Ucits III version and might offer it elsewhere in Asia.