Hence, the firm will look at a combination of organic and inorganic growth through six different areas, with the first three involving scaling up its distribution channels in Asia, the US and Continental Europe.
Tokyo-headquartered fund manager Nikko Asset Management, a firm with over 60 years of establishment experience in Asia, has set for itself a lofty target: to double its assets under management (AUM) in the decade to about US$500 billion ($706 billion) in 2032 from about US$243 billion as at March 31.
While Nikko can grow organically, it will not be able to reach the target of doubling the AUM with a return on equity of 9% without inorganic growth, says its president Stefanie Drews in an interview with The Edge Singapore.
