UK-based Legal & General Investment Management (LGIM) and Japan’s Nikko Asset Management have signed a business cooperation agreement for investment management services.
Under the terms of the agreement, Nikko Asset Management will distribute Legal & General Investment Management and Legal & General Investment Management America fixed income products to Japanese investors, mainly insurance companies and banks.
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LGIM will reciprocate by facilitating the marketing and sale of Nikko Asset Management’s products in the UK and other countries.
Commenting on the deal, LGIM CEO Mark Zinkula said: "I am delighted to be working with Nikko Asset Management on this new business agreement. Japan is a key part of our strategy as we continue to build out our global asset management business.
"We look forward to providing Nikko Asset Management’s clients with access to our high quality range of fixed income products and services."
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