Yarra Capital acquires the Australian activity of Nikko Asset Management

Yarra Capital acquires the Australian activity of Nikko Asset Management

Yarra Capital Management, a Melbourne-based equity and fixed income boutique, will acquire the Australian business of Nikko Asset Management.

The combination of approximately A $ 8 billion ($ 6.3 billion) in assets under management with Nikko’s A $ 12 billion activity will create “one of Australia’s largest independent fund managers. With an AUM of around A $ 20 billion, Dion Hershan, Managing Director of Yarra and Head of Australian Equities. , said Tuesday in a joint news Release.

As part of the merger, Nikko Asset Management will acquire a 20% stake in Yarra Capital Management, the news release said.

Other financial details of the deal are not being disclosed, a spokesperson for Yarra said.

Nikko Asset Management acquired its Australian equity and fixed income business more ten years ago with the purchase of Tyndall…

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