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.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
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.
