Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Nikko AM announces promotion in NZ Equities Team

Nikko AM announces promotion in NZ Equities Team

Nikko Asset Management is pleased to announce the promotion of Michael De Cesare to the position of Portfolio Manager within the NZ Equities Team.

Stuart Williams, Head of Equities, Nikko AM NZ, says the additional responsibilities are in recognition of Michael’s “significant contribution to client portfolios over the last couple of years. Within the flat team structure of the Equities Team, all the team members now hold portfolio management responsibilities as well as sectoral research responsibilities”.

Michael joined Nikko AM in 2012 and has eight years’ experience working in financial markets and corporate finance. He is a Chartered Alternative Investment Analyst (CAIA) having earned this qualification in 2014. He also holds a First Class Honours Degree in Industrial Economics from the University of Nottingham Business School, United Kingdom.

George Carter, Managing Director, Nikko AM NZ, adds: “Michael is thoroughly deserving of this promotion, and it’s great to see the growth of our business and the Equity Team’s consistent investment process providing the opportunity to develop our people in this way”.

Nikko AM NZ actively manages around NZD5.2 billion of investments. It manages domestic assets through its Auckland-based investment team and employs carefully selected offshore managers to manage global assets. Nikko AM is one of Asia’s largest asset managers, with total assets under management of USD220 billion. It provides high-conviction, active fund management across a range of Equity, Fixed Income and Multi-Asset strategies.

Nikko AM NZ is solely in the business of investment management. It currently manages investments for corporate superannuation schemes, community and charitable trusts, foundations, financial planners, banks, insurance companies, KiwiSaver Schemes, corporations, other fund managers and retail investors.

The Nikko AM NZ Equities Team manages over $700 million across Concentrated Funds (James Lindsay, lead Portfolio Manager), Property and NZ only Funds (Michael Sherrock, lead Portfolio Manager), the SRI Fund (Michael De Cesare, lead Portfolio Manager) and Core Funds (Stuart Williams, lead Portfolio Manager).

© Scoop Media

Business Headlines | Sci-Tech Headlines


Climate Summary: NZ’s Equal-2nd Warmest Year On Record

Annual temperatures were above average (+0.51°C to +1.20°C above the annual average) across the majority of New Zealand... 2018 was the equal 2nd-warmest year on record for New Zealand, based on NIWA’s seven-station series which began in 1909. More>>


GDP: Economic Growth Dampens In The September Quarter

Gross domestic product (GDP) rose 0.3 percent in the September 2018 quarter, down from 1.0 percent in the previous quarter, Stats NZ said today... GDP per capita was flat in the September 2018 quarter, following an increase of 0.5 percent in the June 2018 quarter. More>>


Up $1.20: $17.70 Minimum Wage For 2019

Coalition Government signals how it will move toward its goal of a $20 p/h minimum wage by 2021... “Today we are announcing that the minimum wage will increase to $17.70 an hour on 1 April 2019." More>>


Retail: IKEA To Open In New Zealand

Inter IKEA Systems B.V. is today announcing its intentions to grant the Ingka Group exclusive rights to explore expansion opportunities in New Zealand. More>>