Japanese fund house Nikko Asset Management has opened its first office in Germany, in Frankfurt's financial district.
A statement from the firm said that the decision to create a presence in Germany “builds on the firm’s commitment to serve the needs of its clients and respond to demand for investment solutions across Germany, and in particular to connect clients to its established expertise in Asia Pacific”.
Headquartered in Tokyo since 1959, Nikko AM has been operating throughout Europe for over 30 years and both its global equity and global fixed income teams are based in the region.
Nikko AM chief executive for Emea 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."
The Firm has been expanding its product offering in Germany over the past three years to meet growing client demand.
The German fund industry reached more than €3 trillion of assets under management in 2018, representing growth of 77% over the prior ten years.
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