Logo


Ambit, Nikko join hands to offer investment advisory services

City-based Ambit Holdings has joined hands with Tokyo’s Nikko Asset Management to offer investment management and advisory services in India and Mauritius. Under the 50:50 joint venture (JV), both would initially manage assets worth $150 million from Mauritius. The partnership will enable Ambit to tap into Nikko AM’s product development capabilities and extensive network of distributors. On the other hand, it will give Nikko AM local knowledge and investment expertise for its India funds. Timothy McCarthy, chairman and chief executive officer of Nikko AM, said, “We are ...