After strong AUM growth last year, the Japanese fund house has created the role of global head of operations to better coordinate this function across its international businesses.
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.
Asian Infrastructure Investment Bank installs CIO; search firm Stemp starts IM practice; RBC WM names Asia team lead; Nikko AM adds EM debt PM; Amundi replaces alternatives CIO; Pimco appoints Emea chief; and JP Morgan Private Bank hires Emea equities head.
Japanese fund house announces launch of two more Ucits funds as it attempts to satisfy demand from investors in Europe, Middle East and Africa. Nikko plans to launch even more in the coming months.
The asset manager's COO, Frederick Reidenbach, says that while outsourcing back-office functions has allowed it to streamline headcount, it also risks slowing down product roll-out.
The acquisitive Japanese fund house is scouting for expansion opportunities in several Asian markets, while also seeking to roll out its multi-asset capabilities globally.