Tokyo-based company Nikko Asset Management has acquired Tyndall Investments from Australasian financial giant Suncorp Group for $A80 million as part of a new strategic partnership.Tyndall, which manages about $A25 billion of funds in Australia and New Zea
Tokyo-based company Nikko Asset Management has acquired Tyndall Investments from Australasian financial giant Suncorp Group for $A80 million as part of a new strategic partnership.
Tyndall, which manages about $A25 billion of funds in Australia and New Zealand, employs 63 staff across offices in Sydney, Melbourne, Brisbane and Auckland.
Nikko will support Tyndall Investments’ stewardship and management of assets for Suncorp, help provide investment products to the company and contribute to Suncorp’s insurance and savings product range across its seven million-strong customer base.
The acquisition of Tyndall increases Nikko’s assets under management to $US145 billion.
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