Tyndall Investments has flagged plans to expand abroad following the successful completion of Nikko Asset Management's (Nikko AM) acquisition of the fund manager from Suncorp.
The purchase of Tyndall Investments would help drive the company's growth in the Asia-Pacific region, Nikko AM head of international and institutional businesses Charles Beazley said.
Beazley said Nikko AM had a well-defined multi-local strategy in the region and had expanded its business footprint by establishing a local presence in the region's core markets.
"Australia is a strategically important country regionally and an increasingly important source of investment capital and fund management capabilities," he said.
"Combining our networks and knowledge with Tyndall's expertise and strong track record creates a business proposition that is perfectly placed to meet the needs of investors in the region and beyond."
Tyndall Investments managing director Craig Hobart said the combination of a significant domestic Australian and New Zealand investment management company with a dedicated Asian, international asset manager created a powerful business proposition.
"It will help the Tyndall operation, adding value to existing client relationships and opening up significant new business opportunities in the region and beyond," Hobart said.
"We will maintain our highly rated investment approaches and portfolio management style and believe that Tyndall's knowledge of Australian and New Zealand equities and fixed interest products is the perfect complement for Nikko AM's expertise in Asian and emerging market assets."
Nikko AM has offices in Tokyo, Singapore, London, New York and Hong Kong. In addition, the firm owns 40 per cent of Rongtong Fund Management Company, an investment management company in China.
