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Nikko AM Boosts Singapore Leadership Team Following DBS Merger

Tara Loader Wilkinson

24 February 2012

Nikko Asset Management, the Japanese investment manager, has hired a new head of marketing as the latest in a string of senior appointments following its acquisition of a rival last quarter.

Joyce Koh joined today from Fidelity Singapore. There, she spearheaded the firm’s marketing efforts from 2006. Prior to Fidelity, she oversaw marketing and brand development as brand and communications manager at AVIVA Singapore, from January 2003.

Koh’s appointment comes on the heels of several other major appointments and a management rejig following Nikko AM’s acquisition of DBS Asset Management in the last quarter of 2011.

“Over the last three months, we’ve made a number of strategic appointments, from within Nikko AM and externally, which will be instrumental to the continued growth of our fund management and distribution capabilities within the region,” said Eleanor Seet, Nikko AM Asia’s president and executive director, who also recently joined in October.

Recent appointments include Ng Soo Nam, promoted to chief investment officer and executive director in October 2011, having led Nikko AM’s Singapore-based investment team since 2007. Neo Teck Keng was appointed as head of middle- and back-office in October 2011, having transferred from his role as head of the operations and disclosure division at Nikko AM’s Tokyo headquarters.

Elaine Koh started as head of institutional business development in December 2011, having led Nikko AM Singapore’s institutional sales and marketing efforts since 2004. Rodney Lim joined as head of compliance in October 2011 from UBS Global Asset Management.

Darryl Aw joined as head of intermediary business development in January 2012 from MFC Global Investment Management, while Phillip Yeo was appointed as head of product development and management, having led DBSAM’s product team since August 2006.

Nikko AM Asia, which has assets under management amounting to $157 billion as of last December, has been hard on the acquisition trail, also having snapped up Tyndall Investments in Australia last year.

DBS Asset Management was acquired by Nikko AM from DBS Bank on September 30 2011 and renamed Nikko Asset Management Asia on October 17 2011, following integration with Nikko AM Singapore. The two mergers make it the largest regional investment manager in Asia.