Despite being a growing reservoir of funds under management, this critically important pool of capital is confronting mounting problems collating and disseminating key data in a timely manner.
The ratings house is pinning its growth strategy on a revamped methodology that increases the emphasis on governance to 25 per cent – a timely move considering APRA’s proposed reforms.
Nikko names replacement for Davis
(Pictured: Sam Hallinan)
Sam Hallinan will become the new chief executive of Nikko Asset Management in Australia following the resignation of Mike Davis last month.
Hallinan was most recently general manager of investment management at NAB Asset Management and head of one of its affiliates, Antares Capital Partners. He previously spent six years at MLC. The changeover will take place on April 1.
Davis had been at Nikko since 2012 and led the integration of the former Tyndall Investment Management with the various strategies of new parent Nikko, as well as an expansion of the product range, which is expected to continue under Hallinan.
Takumi Shibata, Nikko’s president and chief executive, said in a statement: “Our commitment to developing a world-class fund management culture and to providing the best products and services to our clients in Australia has never been stronger. “We are excited by the ability of our local, regional and global products to increase value for our clients in Australia, and are spreading the Australian investment story to the rest of the world.”
