In a statement, Nikko said “TAAM’s Singapore and Sydney-based team of eight highly experienced and successful investment professionals significantly enhances Nikko AM’s ability to provide institutional-quality Asian equity products to its clients and prospects in markets worldwide”.
Takumi Shibata, Nikko AM’s Tokyo-based executive chairman, welcomed TAAM’s founder and chief investment officer, Peter Sartori, to the company. He will now become head of Asian equity for Nikko AM and be based in Singapore, reporting to Nikko AM's International CIO Yu-Ming Wang.
“This acquisition brings us sophisticated Asian equity strategies, which are gaining well-deserved traction among investors around the world,” said Charles Beazley, president and CEO of Nikko Asset Management.
“The team will offer products to institutional and retail investors who deserve nothing less than the highest quality products, and which TAAM has a distinguished track record of delivering.”
Peter Sartori founded TAAM along with Sydney-based Treasury Group, a bottom-up stock picking equities manager with a mid- to large-cap focus, in 2005. The eight-member team joining Nikko includes portfolio managers, analysts and a dealer.
Mr Sartori said there is “a perfect fit” between TAAM and Nikko AM. “Our sectoral coverage approach will be highly complementary with Nikko AM’s more geographic and thematic focus. In turn, we look forward to working with Nikko AM’s professionals in the region, Europe and in North America to build wealth for investors,” Mr Sartori said.
Nikko AM has designated its Singapore office, led by Eleanor Seet, as the centre of excellence for managing Asian securities.
Nikko AM currently has over US$156 billion in assets under management.
