Nikko Asset Management has expanded its investment reach with the establishment of a global equity team under former Scottish Widows Investment Partner fund manager William Low.
Low joined the Japanese asset management company in August 2014 and has recruited five former colleagues from SWIP to help establish a global equity desk.
Nikko AM said all six of the newly formed global equity team will be based in Edinburgh, where they had been situated during their time with SWIP.
Commenting on the appointment, Yu-Ming Wang, global head of investment at Nikko AM, said: ‘The track record that Will Low and his five colleagues have assembled demonstrates that they are exceptionally qualified as active global equity managers, and we look forward to their contribution to our European business.’
The team will focus on benchmark-agnostic, long-only global equity portfolios. They will work closely with personnel at Nikko AM’s European headquarters, which is based in London.
This addition marks the third major expansion since it added an Asian equity team from Sydney-based Treasury Asia Asset Management in October 2013 and set up multi-asset team in Singapore earlier this year.
Nikko Am currently oversees $158 billion in assets under management and is represented across 24 locations in 12 different countries.