About Us

 

At Nikko AM, we believe that corporate governance is a critical management issue. For many years, we have had an independent board – which includes independent directors – as well as a clear delineation between the board, oversight control functions and executive responsibilities. We consider this structure to be distinctive in Asia and necessary for maintaining the confidence of our shareholders.

Since 2003, Nikko AM has provided employees with an ownership stake in our company, which we believe has enhanced the independence of management, contributed to our relatively low turnover, and helped align the firm’s goals with those of our employees.

Nikko Asset Management Corporate Governance

Executive Chairman

David Semaya
David Semaya
Representative Director, Executive Chairman

David Semaya is Executive Chairman and Representative Director of Nikko Asset Management Co., Ltd. His thirty year career spans three continents in executive leadership roles in financial services across the US, Europe, and Asia.

Now based in Tokyo, he joined Nikko AM in 2014 and serves as Chairman of the Board. In this Executive role, he is primarily responsible for overseeing the firm’s global corporate governance, as well as contributing to corporate strategy and strategic client relationships.

David is currently a Board Director of Rongtong Fund Management Co., Ltd (China), and Affin Hwang Asset Management Berhad (Malaysia).

Prior to returning to Japan, David was most recently with Barclays PLC as CEO of UK and Ireland Wealth Management and Chairman of Barclays Asset Management Ltd., based in London. Prior to 2009, he served as CEO for Barclays Global Investors (now Blackrock) Europe and Asia. Until 2004, David was with Merrill Lynch and Co. in a variety of executive leadership positions in both Asset Management and Investment Banking in New York and Tokyo.

David was also formerly a Trustee Director for one of Europe’s largest pension funds and served on the board of the Investment Association and the Wealth Management Association (UK). He currently serves on the ICI Pacific Policy Council.

David holds a BA from The University of Florida, a Masters in Education from Temple University and has completed the Stanford/NUS Executive Program in International Management.

He is a dual US/UK National and is fluent in the Japanese language.

Executive Management

The company's management team is highly experienced and diverse, and is committed to running the company according to international best practices. The Global Executive Committee consists of the Executive Chairman, President & CEO, the Executive Vice Chairman, the Executive Deputy President and the Global Head of Investment.

Takumi Shibata
Takumi Shibata
Representative Director, President & CEO

Takumi Shibata is Representative Director, President & CEO of Nikko Asset Management Co., Ltd. He joined the company as Executive Chairman in July 2013, and assumed the roles of Chairman, President & CEO in January 2014.

At the end of March 2014, he relinquished the title of Chairman. Drawing on his global network and the wealth of experience, he is responsible for the group's domestic and international businesses, reinforces relationships with business partners and clients, and acts as a catalyst to unite Nikko Asset Management's multinational workforce.

Prior to joining Nikko Asset Management, Shibata was Group COO of Nomura Holdings. Before that, he was responsible for Nomura's European operations from its London subsidiary, and then oversaw global investment banking, global wholesale, global administration and global asset management operations. During his time at Nomura, Shibata spent 20 years in Japan and 17 years overseas.

Shibata is a former member of the Business Accounting Council of Japan's Financial Services Agency, Vice Chairman of the Japan Investment Advisers Association, Chairman of the Self-regulatory Planning Committee of the Japan Securities Dealers Association, a Board Member of the International Primary Market Association (London) and a Board Member of the Securities Institute (London). In these roles, he strove to further develop the financial markets in both Japan and the United Kingdom.

Shibata holds a BA in economics from Keio University and an MBA from Harvard Business School.

Hideo Abe
Hideo Abe
Director, Executive Vice Chairman

Hideo Abe joined Nikko Asset Management as Executive Vice Chairman in October 2013. He was also named Director in April 2014. His current role includes developing strategies to reach domestic and overseas institutional investors, as well as individual investors.

Abe was most recently at Mizuho Securities Co., Ltd., where he served as director and deputy president for five years from 2008 to 2013. Prior to Mizuho Securities, Abe was a board member and CEO at Nikko Citigroup for four years.

During the course of his career at Nikko Cordial Securities and its forerunner company, Nikko Securities (now SMBC Nikko Securities), he held various important offices such as senior managing director for Nikko Cordial Securities, as well as board member and executive officer for Nikko Cordial Group. In these roles, he was a leader in business and product planning, marketing, fixed income trading, and capital markets. Abe boasts 36 years of experience in the finance and securities industries. From 1987 to 1995, Abe was assigned to the London-based Nikko Europe. He is a graduate of Keio University's School of Literature.

Junichi Sayato
Junichi Sayato
Representative Director & Executive Deputy President

In June 2015, Junichi Sayato joined Nikko Asset Management Co., Ltd. as Representative Director and Executive Deputy President, where he will oversee risk management, legal, compliance, IT and operations.

Before joining Nikko Asset Management, Junichi Sayato most recently served as Representative Director and President of Sumitomo Mitsui Trust General Service Co., Ltd. He previously held the position of President at Sumitomo Mitsui Trust Research Institute Co., Ltd., and also oversaw IR at Sumitomo Mitsui Trust Holdings, Inc. as Director and Managing Executive Officer. At the former Sumitomo Trust & Banking Co., Ltd. (now Sumitomo Mitsui Trust Bank, Limited), he oversaw finance, operations, IT, compliance, and CS as Director and Managing Executive Officer. Before that, he served as Executive Officer and Regional Executive for the Americas at the same bank, as well as General Manager of the New York Branch and General Manager of the Risk Management Department.

He has over 13 years of extensive experience in working outside of Japan namely in London, New York and Washington D.C.

He graduated from the School of Law at Kyoto University in March 1978 and received his master's degree from the London School of Economics (Department of Economics, International Relations Major) in August 1982.

Yu-Ming Wang
Yu-Ming Wang
Deputy President, Global Head of Investment & CIO, International

Yu-Ming Wang has a wealth of experience in the asset management industry with a notable track record particularly in managing global fixed income.

Yu-Ming Wang is responsible for overseeing Nikko Asset Management's investment teams, comprising more than 200 seasoned professionals spanning four continents and seven locations (Tokyo, Singapore, Sydney, Auckland, Hong Kong, London and New York) and covering all global markets and asset classes.

Joining Nikko Asset Management as International CIO in January 2013, Yu-Ming assumed the additional position of Deputy President in April 2014.

Based in Asia since 2007, Yu-Ming was previously Head of Fixed Income at Manulife Asset Management (Hong Kong). Prior to that, he worked at Wachovia Bank for nine years in senior roles in the capital markets division in New York, before moving to Hong Kong to head the global markets business for the Asian region.

Yu-Ming earned his bachelor's degree at the Massachusetts Institute of Technology and his MBA from New York University. He is a US national and fluent in Mandarin Chinese.

Regional Executives

Eleanor Seet
Eleanor Seet
Head of Asia and President, Nikko Asset Management Asia Limited

Eleanor joined Nikko Asset Management Asia in 2011 as president. She is responsible for driving the growth of Nikko Asset Management Asia. She has spent her entire career in the asset management industry and has a strong background in sales and marketing of investment products.

Previously, she held the role of senior director for iShares, Private Wealth Distribution, Asia ex-Japan from 2009. Prior to that, she spent 12 years at AllianceBernstein, where she was responsible for building and developing the firm distribution channels and business. She graduated with a Bachelor of Economics from the University of New South Wales, Sydney.

Sam Hallinan
Sam Hallinan
Managing Director, Nikko Asset Management Australia Limited

Sam Hallinan joined Nikko Asset Management as Managing Director, Australia on April 1, 2015.

Sam most recently was General Manager, Investment Management at NAB Asset Management while also serving as Director of Antares Capital Partners Limited, which is affiliated with NAB Asset Management.

Sam has a 20-year career in Australian financial services focusing on asset management, strategy, sales and organisational culture. At NAB, he held leadership roles in retail and institutional product and sales leadership roles for the asset management and investment platform divisions.

George Carter
George Carter
Managing Director, Nikko Asset Management New Zealand Limited

George Carter joined Nikko Asset Management New Zealand as the Managing Director in November 2015. He has 15 years of experience in the financial services industry.

George was previously head of distribution and a director at AMP Capital, a role he held for six years with responsibility for proactively engaging with and managing the business's external relationships. Prior to that, he worked as a consulting actuary advising institutional clients on pensions, investments assets and liabilities in the United Kingdom and New Zealand. He holds an honours degree in Theology from the University of Durham and is a Fellow of both the Institute of Actuaries and the New Zealand Society of Actuaries.

Udo von Werne
Udo von Werne
CEO, Nikko Asset Management Europe

Udo von Werne joined as Chief Executive Officer (CEO) of Nikko Asset Management Europe, encompassing Europe, the Middle East, and Africa (EMEA), in February 2016. He is responsible for Nikko Asset Management's business across this region and its continuing growth strategy, reporting directly to Nikko Asset Management President and CEO, Takumi Shibata.

Udo has more than 25 years of experience in the financial industry, most recently as Head of Institutional Clients for Continental Europe at Pictet Asset Management, and prior to that with organisations including Zurich Financial Services and UBS.

Fred DeSerio
Fred DeSerio
Head of Sales and Co-Head, Nikko Asset Management Americas

Fred DeSerio joined Nikko Asset Management in January 2015 as head of sales in the United States.

In May, he was promoted to the position of senior managing director, head of sales and co-head of the business for the Americas. He is upgrading the region's business development capabilities as Nikko Asset Management looks to expand not only in the United States but across North and South America.

Prior to joining the company he was a managing director at Invesco where he started working in 2002. Prior to Invesco, he worked for firms including Smith Barney, American International Group and Segal Advisors.

Yasuaki Ogiwara
Yasuaki Ogiwara
President, Nikko Asset Management Hong Kong Limited

Yasuaki Ogiwara joined Nikko Asset Management in April 2015 and is the president of Nikko Asset Management Hong Kong Limited.

He is responsible for supporting the company's delivery of integrated solutions to investors throughout Asia. He is a veteran financier. Prior to joining Nikko Asset Management he was the president of Nomura Asset Management in Hong Kong. He has also headed sales and business development in multiple markets during his tenure at Nomura Securities, including Taiwan and Europe.

Nikko Asset Management Affiliates Key Executives

Allen Yan

RongTong
http://www.rtfund.com/


Allen Yan
Deputy CEO, Rongtong Fund Management

Mr. Yan joined Rongtong Global Investment Limited as CEO in 2013. He has been serving as a deputy CEO of Rongtong Fund Management Co. since 2011.

From March 2008 to 2011, Allen was co-head of strategy and financial planning of Nikko AM.

He was head of financial planning and analysis from 2006 to 2008. Prior to joining Nikko AM, he had been with Fidelity Investments Japan since 2001. There he was in the finance division, responsible for business planning and financial analysis for Fidelity Investments Japan and subsequently Fidelity Investments Asia.

He earned his BA in Economics at the University of Chicago and his Master of Commerce and Management at Hitotsubashi University in Japan. He holds the designation of Chartered Financial Analyst (CFA).

Teng Chee Wai

Affin Hwang Asset Management Berhad
http://www.affinhwangam.com/
Teng Chee Wai
Chief Executive Officer & Executive Director,
Affin Hwang Asset Management Berhad

Teng is the founder of Affin Hwang Asset Management. Over the past decade, he has built the Company to be the fastest growing and only independent investment management house in Malaysia's top five, with an excess of RM 30 billion in assets under management.

In his capacity as Managing Director, Teng manages the overall business and strategic direction as well as the management of the investment team. His 'hands on approach' sees him actively involved in investments, product development and marketing. Teng's critical leadership and regular participation in reviewing and assessing strategies and performance has been pivotal in allowing the Company to successfully navigate the economically turbulent decade.

Teng's investment management experience spans more than 20 years, and his key area of expertise is in managing absolute return mandates for insurance assets and investment- linked funds in both Singapore and Malaysia. Prior to his current appointments, he was the Assistant General Manager (Investment) of Overseas Assurance Corporation (OAC) and was responsible for the investment function of the Overseas Assurance Corporation Ltd Group.

Teng's began his career in the financial industry as an Investment Manager with NTUC Income, Singapore. He is a Bachelor of Science graduate from the National University of Singapore and has a Post-Graduate Diploma in Actuarial Studies from City University London.

Nikko Asset Management is one of Asia’s largest asset managers, providing high-conviction, active fund management across a range of Equity, Fixed Income and Multi-Asset strategies. In addition, our complementary range of passive strategies covers more than 20 indices and includes some of Asia’s largest exchange-traded funds (ETFs).

In the pursuit of excellence, we approach everything we do with an entrepreneurial mindset. This enables us to think differently, transforming intelligent insights into innovative, relevant investment opportunities for our clients. Leveraging our unique combination of a global perspective complemented by our Asian DNA, we aspire to create sophisticated and diverse solutions that set new standards in the asset management industry.

Our global investment teams have a strong appreciation for the unique characteristics of individual countries and sectors, helping them to cut through the noise to determine the real risks and opportunities. Using local market intelligence to unearth new ideas, they exploit these on-the-ground insights to build strong, dynamic portfolios for our clients.

At Nikko Asset Management, we believe in partnering with our clients to build progressive investment solutions. In a world where one-size-fits-all solutions are no longer the answer, our ability to turn insights into opportunities sets us apart. Our understanding of both our clients and the drivers of investment markets underpins the innovation and relevance of the solutions we develop.

Progressive Solutions

We are committed to delivering progressive solutions that align to the various goals of investors. In an increasingly challenging market environment, we aim to support our clients with innovative, insight-driven and relevant investment opportunities.

Performance

Our primary focus is delivering real value for our clients. Our rigorous risk management framework and research-driven culture help to guide our investment decisions as we strive to generate sustainable outperformance for our clients.

Global Citizen with Asian DNA

We leverage our global perspective and Asian DNA to help our clients navigate dynamic investment markets. Our global investment teams share local expertise and regional perspectives to provide unparalleled insights that help us to develop relevant products and build strong investment portfolios for our clients.

Nikko Securities Investment Trust
and Management Co., Ltd.
Established December 1959
Nikko International Capital
Management Co., Ltd.
Established September 1981
Tokyo office opens

1959
First investment trust launches
the Nikko Bond Fund

1961
1981

Tokyo office opens
New York office opens

1984
London office opens

1987

Registers as investment adviser and becomes licensed for discretionary asset management
Singapore office opens

1990

Company enters corporate pension fund market

Nikko Securities Investment Trust & Management Co., Ltd. and
Nikko International Capital Management Co., Ltd. merge

Nikko Asset Management Co., Ltd. (Nikko AM)
Established April 1999
1999

  • Launches first SRI fund in Japan*1
2000

2001

  • Launches Japan's first investment in-kind ETF (Nikkei 225 index tracker)*1
2003

  • Becomes first asset manager to gain Qualified Foreign Institutional Investor (QFII) status in China*1
2004

  • Launches World Series Fund Platform® providing distributors and investors with access to "best in class" global fund managers
2005

  • Launches world's first China A Shares Equity fund outside of China*2
  • Wins Reuters' Lipper Award for Best Fund Group — the first of many industry awards
2007

  • Invests in Chinese asset manager Rongtong Fund Management Co., Ltd., holding 40% in a joint venture partnership
2008

  • Launches Nikko AM Fund Academy to provide investment education to distributors and investors
2009

  • Welcomes new major shareholder, Sumitomo Trust & Banking Co., Ltd.
2010

  • Launches world's first fund investing in World Bank Green Bonds*1
2011

  • Completes acquisition of Tyndall Investments, gaining strong foothold in Australia and New Zealand
  • Completes acquisition of DBS Asset Management; renames company Nikko Asset Management Asia Limited and merges operations with Nikko Asset Management Singapore Limited. Stakes in Malaysian Hwang Investment Management Berhad and AIIMAN Asset Management Sdn Bhd are part of the deal
  • Signs strategic alliance with DBS Bank; strengthens investment team and expands distribution coverage.
2013

  • Exceeds 15 trillion yen in AUM
  • Acquires an Asian Equities team
2014

  • One of the first asset managers in Singapore to be awarded RQFII, and launched Singapore’s first Chinese onshore bond fund*1
  • Hires a Global Equities team
  • Launches Multi-Asset capability
  • Aligns Tyndall brand names in Australia and New Zealand with the firm’s global name, Nikko Asset Management
2015

  • Eurasia Group, Nikko Asset Management Pair Strengths in Emerging Markets Investments
  • Launches Japan's first Robotics Equity fund*1
2017

  • Launches its first ETF outside of Japan on the SGX, and Singapore's first Asia ex Japan REIT ETF*1
  • Partners with ARK Invest for Disruptive Innovation Investment Solutions

*1 Based on Nikko Asset Management's research
*2 Except for mutual funds launched in Mainland China (based on Nikko Asset Management's research)

Contact Us

Nikko Asset Management Co., Ltd.
Midtown Tower
9-7-1 Akasaka, Minato-ku
Tokyo 107-6242, Japan

General Enquiries:
  • Tel: +81 (0)3-6447-6000


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