Nikko Asset Management has set up an office in the financial district of Frankfurt, marking its first in Germany.
The move is said to be in response to increasing client demand, which triggered expansion of Nikko’s product line-up in Germany for the last three years.
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The funds sector in the country managed more than €3 trillion in assets in 2018. This was said to be a 77% growth over the last ten years.
Nikko EMEA CEO John Howland-Jackson said: “Germany is the latest stop in our international growth story, and important in that we have been seeing a great deal of interest in both our Asian investment strategies as well as our global capabilities.
“We are client focused and being on-the-ground allows us to serve our clients better throughout German-speaking Europe.”
As of 31 December 2018, Nikko oversaw $202bn in assets.
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By GlobalDataThe firm, headquartered in Japan, manages equity, fixed income, as well as alternative portfolios.
The latest move comes close on the heels of the firm’s appointment of Hideo Abe and Junichi Sayato as its co-CEOs.
The pair will succeed Takumi Shibata.
