Nikko largest fund manager to receive MIS licence

Nikko Asset Management largest fund manager to receive MIS licence

The Financial Markets Authority (FMA) has awarded Nikko Asset Management a Managed Investment Scheme (MIS) Manager Licence, which is granted to asset managers who are able to demonstrate adherence to industry standards and best practices, the asset manager announced today.

“We are proud to be the largest fund manager to be granted a MIS Manager Licence to date,” said Peter Lynn, Managing Director at Nikko Asset Management New Zealand. “This licence should provide our investors with further confidence that their assets are being managed in accordance with best practice standards and FMA requirements. We fully support the FMA’s vision to deliver increased trust and confidence in our financial markets.”

Nikko Asset Management is the only dedicated global fund manager in New Zealand. Globally, it provides asset management solutions for investors in 12 countries and has approximately US$160 billion in assets under management, including NZ$4 billion locally.

“We would like to thank the FMA for their guidance throughout the licensing process and look forward to continuing to work closely with them in the future,” Lynn commented.

ENDS

© Scoop Media