Nikko Asset Management has tapped Aoifinn Devitt to head the expansion of its manager selection business from primarily Japan, to Europe and other parts of Asia.
Based in London, Devitt will head Nikko AM’s World Series Fund Platform, which currently includes vehicles sub-advised by more than 40 managers worldwide—including PIMCO, Wellington, JP Morgan Asset Management, Ashmore, Blue Bay and Franklin Templeton. The funds are marketed under the Nikko AM brand and distributed to institutional, retail and high net worth investors across Asia.
Devitt, who has worked for both Cambridge Associates and Goldman Sachs, now serves as investment sub-adviser to the City Financial Asian Absolute Growth Fund, an Asian focused multi-manager fund with approximately US$60 million in assets under management. As Devitt assumes her new post, City Financial will appoint Nikko AM as sub-advisor to the City Financial Asian Absolute Growth Fund, subject to regulatory approval.
Nikko AM's World Series Fund Platform currently has over US$29 billion of third-party manager products distributed across Japan, Australia and Singapore.