Japan's Nikko Asset Management eyes acquisitions in private assets, ETFs

Company will 'need to expand inorganically' in priority areas for growth, president says

About half of the executives at Nikko Asset Management are not Japanese, including President Stefanie Drews. (Nikko Asset Management)

AKIRA YAMASHITA, Nikkei staff writer

January 10, 2024 05:24 JST

LONDON -- Japan's Nikko Asset Management is considering acquisitions in such areas as private assets and exchange-traded funds, President Stefanie Drews told Nikkei.

The moves will come as the company aims to roughly double total assets under management to 60 trillion yen ($415 billion) by around 2032. Nikko Asset Management is on track to meeting the target, Drews said.