Nikko AM buys Treasury Asia, sparking reshuffle
After losing four equity specialists to Threadneedle recently, Nikko Asset Management has acquired Asia ex-Japan equities boutique Treasury Asia Asset Management.
Japan's Nikko Asset Management has continued its regional buildout with the purchase of Treasury Asia Asset Management (TAAM), a boutique equities house with operations in Singapore and Sydney.
TAAM’s eight investment executives will join Nikko in Singapore, boosting the equities team there to 11-strong. They will report to TAAM founder Peter Sartori, now head of Asia equity at Nikko AM, who in turn reports to Wang Yu-Ming, international chief investment officer. One TAAM analyst …
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