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Nikko Asset Management buys Treasury Asia

Thursday, October 17, 2013
Opalesque Industry Update - Nikko Asset Management (Nikko AM) has acquired the Asia-Pacific investment manager Treasury Asia Asset Management Limited (TAAM), the company announced today. TAAM’s Singapore and Sydney-based team of eight highly experienced and successful investment professionals significantly enhances Nikko AM’s ability to provide institutional-quality Asian equity products to its clients and prospects in markets worldwide.

“We couldn’t be more pleased to welcome Peter Sartori and his team to our company,” said Takumi Shibata, Executive Chairman of Tokyo-based Nikko Asset Management.

“This acquisition brings us sophisticated Asian equity strategies, which are gaining well-deserved traction among investors around the world,” said Charles Beazley, President and CEO of Nikko Asset Management. “The team will offer products to institutional and retail investors, who deserve nothing less than the highest quality products, and which TAAM has a distinguished track record of delivering.”

Peter Sartori founded TAAM along with Sydney-based Treasury Group Ltd in 2005. The eight-member team includes portfolio managers, analysts and a dealer. The team’s investment style revolves around bottom-up stock picking of mid- to large-cap equities, with a focus on long-term holdings of high-conviction names.

“Our investment style adds value and has attracted capital from some of the most discriminating investors in the world,” said Peter Sartori, TAAM’s Chief Investment Officer. “We feel there is a perfect fit with Nikko AM, and this will allow us to do what we do best, which is to generate alpha for clients. Our sectoral coverage approach will be highly complementary with Nikko AM’s more geographic and thematic focus. In turn, we look forward to working with Nikko AM’s professionals in the region, Europe and in North America to build wealth for investors.”

Nikko AM has designated its Singapore office, led by Eleanor Seet, as the center of excellence for managing Asian securities. The company is focused on creating innovative investment strategies that will allow clients to capitalize on the superior growth dynamics of the economies in the Asian region. Nikko AM currently has over $156 billion in assets under management.

Press release

bc

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