Nikko Asset Management Australia has appointed a Head of Product and Strategy. The firm has already seen several changes in its senior ranks this year.

Nikko Asset Management (Nikko AM) Australia has appointed Hendrie Koster to the newly created role of Head of Product and Strategy.

Koster will report into Sam Hallinan the Managing Director for Nikko AM Australia, and will sit on the leadership team, the firm said today in a statement sent to finews.asia.

He Joins Nikko AM from Mercer Investments where he was Director of Strategic Research for Mercer's Investments business in the Pacific region.

Senior Moves

«The nature of asset management globally is transforming, born out of changing market dynamics including the rise of passive, disruptive technology, fiduciary based regulation and constantly evolving institutional and retail marketplaces,» said Hallinan.

Nikko AM's long-standing global rates and currencies strategist Roger Bridges retired from the firm at the end of February. Bridges, who joined in 1998, held various roles at the company starting as a portfolio manager then leading the Australian fixed income team before becoming the interest rates and currencies strategist.

Also in February Nikko AM appointed Singapore based Peter Lynn to the role of COO for Nikko AM Australia.