Japanese-based firm Nikko Asset Management has confirmed that global rates and currencies strategist Roger Bridges will retire at the end of February 2017.
Mr Bridges commenced with the company in 1998, and prior to becoming global rates and currencies strategist worked as a portfolio manager and led the Australian fixed income team.
The company said Mr Bridges “made a strong contribution” to the business in his time with the company and that they wished him all the best.
Nikko AM global chief investment officer Yu-Ming Wang is expected to find a replacement for Mr Bridges in early 2017, with global chief strategist John Vail tapped to manage both Mr Bridges’ global macroeconomic work and his global interest rate and currency responsibilities in the meantime.
“The fact that Roger and John have worked alongside each other for so long ensures a seamless transition in the interim,” the company said.
Additionally, Nikko AM portfolio manager Chris Rands will “continue to conduct research and analysis on the Australian economy and fixed income markets” alongside the rest of the team.
“There will be no change to our existing fixed income process,” the company said.
“Our Australian Fixed Income team will continue to access global interest rate and currency analysis via John Vail, as well as research shared across our fixed income teams in London, Tokyo, Singapore, Auckland and Sydney.”