Nikko Asset Management to Rebrand “Tyndall” Name
Press Release
15 September,
2014
Nikko Asset Management Co., Ltd.
Nikko Asset Management to Rebrand “Tyndall” Name in New Zealand and Australia
New Zealand and Australian investors’ sizable allocations to global assets is leading Nikko Asset Management to align its businesses in these markets more closely with the global brand, the company announced today. The Tokyo-based asset manager is rebranding the “Tyndall” name to that of the parent, Nikko Asset Management.
“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. “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.”
The asset manager will use its expanded investment expertise and capabilities to provide new products under the Nikko Asset Management brand to institutional and retail clients in both countries.
“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, 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.”
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.
“The positive effect of diversified investing in world-class global assets has been well-recognised in New Zealand for decades,” Lynn said. “To be a true global expert, though, you need significant resources. At Nikko Asset Management, we have offices in 12 countries and over 1,300 staff, all working solely for a global asset manager.”
A survey of leading balanced funds conducted by Aon Hewitt in New Zealand reveals that 48 percent of assets were allocated globally, with 32 percent in global equity and 16 percent in global fixed income.
Nikko Asset Management is conducting its inaugural Foreword client event this week in Auckland, Melbourne and Sydney. Speakers include the firm’s Global Head of Investment Yu-Ming Wang, in addition to the portfolio managers in charge of its leading global and local investment strategies.
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