Japan-based Nikko Asset Management (Nikko AM) has acquired Treasury Asia Asset Management Limited (TAAM), an Asia-Pacific investment manager based in Australia.
TAAM’s team of eight investment professionals based in Singapore and Sydney will enhance Nikko AM’s ability to provide institutional-quality Asian equity products to its clients and prospects in markets worldwide.
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Takumi Shibata, executive chairman of Nikko AM, said: "This acquisition brings us sophisticated Asian equity strategies, which are gaining well-deserved traction among investors around the world."
Shibata added that the team will offer quality products to institutional and retail investors.
Currently having over US$156 billion in assets under management, Nikko AM creates investment strategies that will allow clients to capitalize on the superior growth dynamics of the economies in the Asian region.
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