Nikko Asset Management (Nikko AM) has appointed Aoifinn Devitt as head of its World Series Fund platform to drive expansion of the manager selection business to Europe and Asia, ex-Japan.
The platform has over US$29 billion of third-party manager products distributed across Japan, Australia and Singapore.
Nikko AM is expanding the World Series Fund platform to increase the scope of providers covered by the program and broaden distribution.
Devitt is also the investment sub-advisor to the City Financial Asian Absolute Growth fund, an Asian focused multi-manager fund with approximately US$60 million in assets under management.
Under this arrangement, the fund will have access to World Series Fund Platform resources and Nikko AM's distribution capabilities.
The World Series Fund Platform channels funds are currently sub-advised by around 40 managers worldwide - including PIMCO, Wellington, JP Morgan Asset Management, Ashmore, Blue Bay and Franklin Templeton - and distributed to institutional, retail and high net worth investors across Asia.
Nikko AM is the parent company of Australian asset manager Tyndall Investment Management.
