Nikko AM completes Luxembourg ManCo transfer to Apex Group
03 July 2025 Luxembourg
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Nikko Asset Management has finalised the transfer of its Luxembourg management company (ManCo) to FundRock Management Company, a subsidiary of Apex Group, effective 1 July 2025.
The deal, first announced in October 2024 and approved by Luxembourg regulator CSSF, involved the sale and immediate merger of Nikko Asset Management Luxembourg into FundRock. Apex Group will now provide ManCo services for Nikko AM’s Luxembourg UCITS fund range, which spans three umbrella funds with more than US$7 billion in assets under management.
Fund distribution activities are not part of the transaction and will remain under Nikko AM Group, which manages US$234.8 billion globally across equity, fixed income and multi-asset strategies.
The firm says the move enables Nikko AM to concentrate on delivering investment performance to clients, while leveraging Apex Group’s scale and infrastructure. FundRock currently oversees over US$112 billion in assets under management across its global ManCo platform.
Rob Bluzmanis, chief executive officer of Nikko AM Europe, says: “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.”
Peter Hughes, founder and chief executive officer of Apex Group, adds: “Apex Group’s expertise in management company services will provide Nikko AM Group with the scalability needed to thrive in today’s competitive market.”
Headquartered in Asia since 1959, Nikko AM has a presence in 12 countries and serves over 400 global distribution partners. Apex Group employs more than 13,000 people worldwide and delivers a full suite of asset servicing solutions across fund administration, capital markets, ESG and digital services.
The deal, first announced in October 2024 and approved by Luxembourg regulator CSSF, involved the sale and immediate merger of Nikko Asset Management Luxembourg into FundRock. Apex Group will now provide ManCo services for Nikko AM’s Luxembourg UCITS fund range, which spans three umbrella funds with more than US$7 billion in assets under management.
Fund distribution activities are not part of the transaction and will remain under Nikko AM Group, which manages US$234.8 billion globally across equity, fixed income and multi-asset strategies.
The firm says the move enables Nikko AM to concentrate on delivering investment performance to clients, while leveraging Apex Group’s scale and infrastructure. FundRock currently oversees over US$112 billion in assets under management across its global ManCo platform.
Rob Bluzmanis, chief executive officer of Nikko AM Europe, says: “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.”
Peter Hughes, founder and chief executive officer of Apex Group, adds: “Apex Group’s expertise in management company services will provide Nikko AM Group with the scalability needed to thrive in today’s competitive market.”
Headquartered in Asia since 1959, Nikko AM has a presence in 12 countries and serves over 400 global distribution partners. Apex Group employs more than 13,000 people worldwide and delivers a full suite of asset servicing solutions across fund administration, capital markets, ESG and digital services.
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