Nikko Asset Management Co., Ltd. (together with its subsidiaries, Nikko AM Group), one of Asia’s largest asset managers, has successfully completed the transfer of its management company (“ManCo”) in Luxembourg to FundRock Management Company S.A. (“FundRock”), which is a subsidiary of Apex Group Ltd (together with its subsidiaries, “Apex Group”). Apex Group is the leading global provider of financial services, with over 13,000 employees globally.
First announced in October 2024 and following regulatory approval by the CSSF (Commission de Surveillance du Secteur Financier), the transfer implemented the sale and immediate merger by absorption of Nikko Asset Management Luxembourg S.A. into FundRock, which will provide management company services for Nikko AM Group’s Luxembourg fund range from 1 July 2025 onwards. FundRock currently oversees over USD 112 billion in assets under management. Fund distribution activities are not part of the transaction and will remain with Nikko AM Group.
Nikko AM Group offers active investment management across Equity, Fixed Income, and Multi-Asset strategies, with a Luxembourg range of funds that comprises of three UCITS (Undertakings for Collective Investment in Transferable Securities) umbrella funds with total assets of over USD 7 billion. By outsourcing ManCo services to Apex Group, Nikko AM Group can concentrate on its core focus: delivering investment outperformance to its clients.
Peter Hughes, Founder and CEO of Apex Group, said:
“Apex Group’s expertise in management company services will provide Nikko AM Group with the scalability needed to thrive in today’s competitive market. We look forward to embarking on this journey together and to delivering exceptional value to Nikko AM Group’s clients.”
Rob Bluzmanis, Chief Executive Officer of Nikko AM Europe Ltd., said:
“We are pleased to confirm the successful completion of the transfer of our ManCo business to Apex Group. This transaction further strengthens our ability to scale our funds business worldwide, a key pillar of our Global Growth plan. We look forward to a successful collaboration with Apex Group.”
Newsroom
Chanel Townsend | Head of media relations
Chanel.Townsend@apexgroup.com | +447391046830
About Apex Group
Apex Group is dedicated to driving positive change in financial services while fuelling the growth and ambitions of asset managers, allocators, financial institutions, and family offices. Established in Bermuda in 2003, the Group has continually disrupted the asset servicing industry through its continuous investment in innovation and talent.
Apex Group sets the pace in asset servicing and stands out for its unique single-source solution and unified cross asset-class platform which supports the entire value chain, harnesses leading innovative technology, and benefits from cross-jurisdictional expertise delivered by a long-standing management team and over 13,000 highly integrated professionals.
Apex Group leads the asset servicing industry with a broad and unmatched range of services, including capital raising, business and corporate management, fund and investor administration, portfolio and investment administration, ESG, capital markets and transactions support. These services are tailored to each client and are delivered both at the Group level and via specialist subsidiary brands.
As a pioneering data and fintech-enabled company, Apex Group is a disruptor driving digital tools into asset servicing. However, its vision to drive positive change extends beyond the industry.
The Apex Foundation, a not-for-profit entity, is the Group’s passionate commitment to empower sustainable change.
About Nikko Asset Management
With USD 234.8 billion* under management, Nikko Asset Management is one of Asia’s largest asset managers, providing high-conviction, active fund management across a range of equity, fixed income, multi-asset and alternative strategies. In addition, its complementary range of passive strategies covers more than 20 indices and includes some of Asia’s leading exchange-traded funds (ETFs).
Headquartered in Asia since 1959, Nikko Asset Management and its subsidiaries employ personnel representing around 30 nationalities, including approximately 200 investment professionals**. The firm has a presence through subsidiaries or affiliates in a total of 12 countries and regions. More than 400 banks, brokers, financial advisors and life insurance companies around the world distribute the firm’s products.
The investment teams benefit from a unique global perspective complemented by the firm's historic Asian DNA, striving to deliver consistent excellence in performance. The firm also prides itself on its progressive, solution-driven approach, which has led to many innovative funds launched for its clients.
Effective 1 September 2025, we are changing our name.
* Consolidated assets under management and sub-advisory of Nikko Asset Management and its subsidiaries as of 31 December 2024.
** Including employees of Nikko Asset Management and its subsidiaries as of 31 December 2024.
