Nikko Asset Management has said that it will rebrand ‘Tyndall’ name in New Zealand and Australia to that of its own name in order to align businesses in these markets more closely with the global brand.

"We are one company and therefore should share one name globally as Asia’s premier global asset manager," said Takumi Shibata, president and chief executive officer of Nikko Asset Management.

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"The investment teams, the sales and marketing teams and the back office teams are all working collaboratively for the benefit of our clients. One brand simply reflects what is already working for us."

"Nikko Asset Management is well known globally, and we are excited to bring more of the firm’s global expertise to our clients," said Peter Lynn, managing director of Nikko Asset Management in New Zealand.

"With this brand transition, there is no change to our investment teams, their investment philosophy, processes or portfolios. As one company, with one name, we will further distinguish our offering to clients in New Zealand," Lynn said.

The company’s New Zealand operation, which is based in Auckland, is the only global asset management firm operating in the country. Its assets under management reached NZ$3.9 billion as of August 2014.

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