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Nikko strikes strategic alliance with DBS Bank to become Asia’s largest regional asset manager

Nikko Asset Management and DBS have agreed to combine their asset management businesses. The transaction boosts Nikko Asset Management’s assets by US$ 7.9 billion to US$ 165 billion and establishes Nikko Asset Management as the largest regional asset manager head quartered in Asia. Under the new agreement, DBS Asset Management Singapore will be renamed as Nikko Asset Management Asia Ltd….

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