Nikko picks up mandate

Nikko Asset Management New Zealand has won a new mandate to manage private health insurer nib New Zealand’s investment funds, of over $100 million.

Monday, August 31st 2015, 9:06PM

“We have a strong track record in, and a thorough understanding of the investment requirements of, the New Zealand insurance sector,” managing director Peter Lynn said.

“The average tenure of Nikko Asset Management’s client base is well over a decade, which reflects the emphasis we place on client relationships and on working with clients as partners.”

The company's total AUM has hit $4.6 billion, a $0.7 billion increase since December 2014.

Its retail cash fund has grown to $100 million in a little over a year.

Tags: nib Nikko AM