Nikko AM targets risk with outsourcing drive
The asset manager's COO, Frederick Reidenbach, says that while outsourcing back-office functions has allowed it to streamline headcount, it also risks slowing down product roll-out.
After a period of crisis a decade ago, the chief architect of Nikko Asset Management’s outsourcing push says the restructuring has had a major impact on the firm's operations.
Aside from reducing the Japanese firm’s headcount, chief operating officer Frederick Reidenbach told AsianInvestor that the biggest driver has been risk mitigation.
Reidenbach joined Nikko AM in 2004 as chief finance officer, shortly after Tim McCarthy was named chairman and CEO and Bill Wilder president a…
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