Nikko Asset Management managing director for Australia Mike Davis has announced he will resign from the company after spending three years in the role.
Speaking to InvestorDaily, a spokesperson for Nikko AM said Mr Davis will continue in the role until the company appoints a new managing director.
“In his three years [in the role], Mr Davis has overseen significant change with the integration of the global business,” the spokesperson said.
“[He] felt that this was a good time to 'pass the baton' for the next phase of development, as we continue to position our business as Asia’s premier global asset manager.
“[Mr Davis] is planning to take a break before embarking on the next stage of his own career,” they said.
Mr David joined Nikko AM in 2012 – which at the time was known as Tyndall Asset Management – after previously working for Causeway Asset Management.
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