As part of the agreement, Nikko will distribute global fixed income products furnished by LGIM and its American operation to a range of Japanese investors, including insurance companies and banks.
Chief executive of LGIM, Mark Zinkula, emphasised in a recent statement that “Japan is a key part of our strategy as we continue to build out our global asset management business”.
LGIM will also be connecting Nikko to European investors, assisting with the marketing and sale of Nikko’s products in several European countries, including the UK.
Nikko’s president and chief executive, Takumi Shibata, said that he has high hopes for the partnership: “We are sure that this collaboration will truly benefit our clients through the provision of differentiated fixed income investment solutions offered by LGIM.”
LGIM intends to launch its range of global fixed income funds targeted at Japanese investors in mid-2016.
