NIKKO Asset Management has picked Singapore as the base for its global multi-asset solutions capability, citing the "maturation" of the asset management industry here.
Yu-Ming Wang, Nikko AM global head of investment and chief investment officer, said US$24 billion of assets in multi-asset solutions will be transferred and managed out of Singapore.
The team will be headed by Al Clark, Nikko AM global head of multi-asset, and key personnel including those in charge of portfolio management, quantitative...
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