The Tokyo-based asset manager said the move was in response to increasing demand from global investors for multi-asset investment strategies.
“Clients are demanding multi-asset funds as well as tailored solutions to manoeuvre through volatile markets to reach their investment targets,” said Nikko AM global head of investment Yu-Ming Wang.
“We recognise Singapore as our centre of excellence for Asia, and as a central hub we will be strengthening our investment capabilities further in this region, and elsewhere as the opportunities arise,” he said.
Nikko AM also said, according to a Mercer LLC survey conducted in April, global investors have increased their searches for multi-asset products, growing by 33 per cent in 2013.
The team, which currently oversees $24 billion of assets for institutional and intermediary clients, will be headed by Nikko AM global head of multi-asset Al Clark.
